Sun, 2024-04-14 13:11
RIYADH: Saudi drilling firm ADES is set to operate a SR350 million ($93.3 million) jack-up rig in Qatar, having secured a contract from TotalEnergies.
ADES noted in a statement to Tadawul that the letter of award from the French petroleum company includes a mandatory and optional extension period of up to 18 months.
The project is expected to commence in the second half of 2024, utilizing the firm’s fleet of jack-up offshore drilling units.
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