Saudi Arabia’s Ades secures $136.2m deals in Qatar, Egypt

article author: 
Author: 
Mon, 2024-05-06 13:19

RIYADH: Saudi Arabia’s Ades Holding Co. continues to expand its regional footprint as it seals two contracts worth SR511 million ($136.2 million), highlighting its growing influence in the oil and gas sector. 

Ades, which specializes in providing drilling and intervention services, signed a contract valued at up to SR350 million with Total Energies to operate an offshore drilling platform in Qatar.  

The agreement includes a mandatory one-year period with an option to extend it for up to an additional 18 months, according to a bourse filing. 

Ades, which specializes in providing drilling and intervention services, signed a contract valued at up to SR350 million with Total Energies to operate an offshore drilling platform in Qatar.  
Main category: 

Leave a Reply

Your email address will not be published. Required fields are marked *

× Contact us for news, article submissions, and SEO services.