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Ades Holding Wins Contract Extension for Offshore Rig in Angola

MT Newswires·10/28/2026 02:42:29
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02:42 AM EDT, 10/28/2026 (MT Newswires) -- Ades Holding (SASE:2382) secured a one-year extension worth 195 million Saudi riyals for its Shelf Drilling Tenacious offshore rig in Angola. The Saudi-listed drilling services company said Wednesday that an existing international oil company client exercised the extension option, which will take effect immediately after the current contract expires in the first quarter of 2027.