ADES wins 2-year Brunei jack-up contract via Shelf Drilling for SAR 236M

08:36 AM (Mecca time) Argaam
ADES’s Shelf Drilling secures two-year contract for offshore PA operations

ADES’s Shelf Drilling secures two-year contract for offshore P&A operations

ADES Holding Co.’s wholly owned subsidiary Shelf Drilling Ltd. secured a new contract for the compact driller standard jackup with Brunei Shell Petroleum Sdn. (BSP), for a period of two years.

 

The contract value is estimated at SAR 236 million ($63 million), according to a statement to Tadawul.

 

The compact driller is expected to commence operations in Brunei in Q4 2026 and will undergo contract preparation activities in Singapore ahead of the commencement. The rig is currently on contract in India until May 2026.

 

The jackup will be deployed to perform plug and abandonment (P&A) operations at offshore Brunei.

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