-+ 0.00%
-+ 0.00%
-+ 0.00%
Ades Wins SAR483 Million Offshore Drilling Services Contract in UK North Sea
Share
Listen to the news
01:36 AM EDT, 07/16/2026 (MT Newswires) -- Ades Holding (SASE:2382) said Thursday it secured a 483 million-Saudi-riyal contract to provide offshore drilling services to Neo Next+ Energy E&P UK. The drilling services company will deploy its Fortress jack-up rig in the UK North Sea, with operations scheduled to start in the fourth quarter. The contract covers two firm wells with a minimum duration of 550 days, alongside two optional one-well extensions with a minimum duration of 275 days each.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending