ADES Holding Company Secures New Award in Egypt, Leveraging its Strong Global Platform to Quickly Redeploy Three out of Five Temporarily Suspended Rigs in KSA

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Egypt
  • Date: 05-May-2024
  • Source: Mubasher
  • Sector: Oil & Gas
  • Country: Egypt
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ADES Holding Company Secures New Award in Egypt, Leveraging its Strong Global Platform to Quickly Redeploy Three out of Five Temporarily Suspended Rigs in KSA

| Element List

|| Explanation

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| Date of the Award

|| 2024-05-02 Corresponding to 1445-10-23

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| Counterparty

|| Suez Oil Company (SUCO)

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| Contract Value

|| Approximately SAR 161 million

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| Contract Details

|| Firm direct contract award for 21-month with SUCO in Egypt for a standard jack-up rig from it's existing fleet.

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| Related Parties

|| N/A

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| Attached Documents

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