ADES says Saudi offshore platform contract renewed with Aramco

10/04/2025 Argaam
Logo ofADES Holding Co.

Logo of ADES Holding Co.

ADES Holding Co. said that the contract renewal for one of its suspended offshore platforms in Saudi Arabia was concluded with Saudi Arabian Oil Co. (Saudi Aramco).

 

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According to data compiled by Argaam, ADES recently announced the renewal of a contract for one of its suspended offshore platforms in Saudi Arabia for a period of 10 years, at an estimated cumulative value of SAR 1.09 billion ($290 million).

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