ADES adds $52m to backlog with Angola jackup extension

Saudi offshore drilling contractor ADES has secured a one-year extension for its Shelf Drilling Tenacious jackup offshore Angola, adding around SAR195m ($52m) to its backlog. The company said an existing international oil company had exercised the optional period, which will begin immediately after the rig’s current firm contract expires in the first quarter of 2027. … Read full article →