Saudi ADES secures CFAF20B offshore drilling deal in Cameroon with Addax Petroleum – Cameroon Intelligence Report

Ades Admarine 510 wins one-year contract in Cameroon - Drilling Contractor

ADES Holding was awarded a new contract for the use of Admarine 510 in Cameroon, including mobilization and demobilization. This marks ADES’ entry into its 13th country of operations. The one-year firm contract has been awarded by Addax, part of Sinopec Group. It will start in Q4 2025, with two optional six-month extensions at mutually … The post Ades Admarine 510 wins one-year contract in Cameroon appeared first on Drilling Contractor.

Saudi ADES inks US $34m offshore drilling deal in Cameroon

Saudi Arabia’s ADES Holding Company has taken steps in its international expansion strategy by securing a new offshore drilling contract in Cameroon. The agreement, valued at US $34m, was signed with Addax Petroleum, a subsidiary of Chinese state-owned energy giant Sinopec Group. The contract marks ADES’s formal entry into the Cameroonian market, bringing its total […] The post Saudi ADES inks US $34m offshore drilling deal in Cameroon appeared …

ADES wins jackup work in Cameroon

ADES Saudi oil and gas driller ADES has won a new contract for one of its jackup rigs from Sinopec Group subsidiary Addax Petroleum. Addax hired the Admarine 510 rig for work in Cameroon. It will be ADES’ 13th country of operations and continuation of the company’s expansion across the high-potential West African market. The contract is expected to begin in the fourth quarter of 2025 and will cover a firm twelve-month drilling campaign, with tw…

Saudi ADES secures CFAF20B offshore drilling deal in Cameroon with Addax Petroleum – Cameroon Intelligence Report

ADES Holding Company, a global leader in oil and gas drilling services headquartered in Saudi Arabia, announced it secured a new contract with Addax Petroleum, a subsidiary of China’s Sinopec group. The agreement covers drilling and extraction services in offshore fields in Cameroon, marking a significant expansion into West Africa for the Saudi firm. Valued at 128.9 millions Saudi riyals (approximately 20 billion CFA francs), the contract spans…

Port of Douala and partners sign CFAF50B deal for logistics expansion – Cameroon Concord News

The Port Authority of Douala (PAD) and Douala Port Container Solution SA (DPCS) have signed a landmark agreement to build a 25-hectare logistics platform dedicated to the storage and management of empty containers. Signed on May 30, 2025, in Douala by Cyrus Ngo’o, Director General of PAD, and Evariste Eloundou Onana, General Administrator of DPCS, the project is set to transform operations at the Port of Douala’s timber dock. The public-private …