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ADES Holding Signs New Contract For Shelf Drilling Perseverance In Indonesia

By Reuters News05:34 (UTC), 27 October 2026 Updated

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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