Ades Holding Company 2382
TADAWUL · Saudi Arabia · Industrial Services
SAR 16.88-0.05 (-0.30%)
Market closed· · SAR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market closed· · SAR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
ADES reported that the orders involve the Shelf Drilling Odyssey rig for Seplat Energy Nigeria and the Shelf Drilling Fortress for NEO NEXT+ UK.
Following completion of the deal, ADES’ offshore fleet will increase to 88 units, with 51 classed as premium units.
Offshore contractor Saipem is divesting its Saudi shallow-water drilling business as it sharpens its focus on higher-value offshore markets.
Valeura Energy (VLE.TO) on Wednesday said it agreed to charter the Shelf Drilling Enterprise jack-up
SHEL deepens its Southeast Asia presence as Brunei Shell Petroleum awards ADES a major offshore drilling contract in Brunei.
Shelf Drilling’s shareholders approved the cash merger with ADES at an extraordinary general meeting in October, with 99.6% of votes cast in favour.
At an extraordinary general meeting called by Shelf to consider the proposed transaction, 99.6% of votes cast were in favour of the merger.
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