ADES Lands Nigeria Rig Deal Worth $93m

ADES wins two-year jackup contract with Seplat Energy in Nigeria

ADES Holding secured a two-year offshore drilling contract with Seplat Energy Producing Nigeria Unlimited for the jackup Shelf Drilling Victory, with two optional one-year extensions. The contract, valued at approximately $92.7 million for the firm term including mobilization and demobilization fees, is expected to commence in the second half of 2026 following completion of the … The post ADES wins two-year jackup contract with Seplat Energy in …

ADES lands Nigeria rig deal worth $93m

Saudi drilling contractor ADES Holding has won a new contract in Nigeria for the jackup Shelf Drilling Victory, bolstering its position in one of West Africa’s most active offshore markets. The agreement, signed with Seplat Energy, covers a firm period of two years and includes two optional one-year extensions. The deal is valued at around …

ADES Secures Two-Year Drilling Contract for Shelf Drilling Victory in Nigeria - SaudiGulf Projects

ADES Holding Company (ADES) has announced the award of a new offshore drilling contract in Nigeria for its jack-up rig Shelf Drilling Victory, marking another strategic milestone in the company’s international expansion. The contract, awarded by a local independent oil and gas operator, covers a firm duration of two years, with options for two additional one-year extensions. Operations are scheduled to begin in the second half of 2026, following…