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ADES Holding Signs New Contract For Shelf Drilling Perseverance In Indonesia

By Reuters News

Oct 27 (Reuters) - ADES HOLDING 2382.SE:

  • SIGNS NEW CONTRACT FOR SHELF DRILLING PERSEVERANCE IN INDONESIA, REINFORCING COMMERCIAL MOMENTUM IN SOUTHEAST ASIA

  • TOTAL CONTRACT VALUE, FOR THE FIRM AND OPTIONAL PERIODS IS APPROXIMATELY SAR 173.14 MILLION

  • CONTRACT FOR SHELF DRILLING PERSEVERANCE JACK-UP RIG IN INDONESIA WITH PT PERTAMINA HULU MAHAKAM

  • CONTRACT DURATION IS A 406-DAY FIRM PERIOD, WITH AN ADDITIONAL 30-DAY OPTIONAL PERIOD

  • OPERATIONS FOR RIG ARE EXPECTED TO COMMENCE AROUND THE END OF DECEMBER 2026

Further company coverage: 2382.SE

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