ADES International extends contract for Admarine 261 rig
ADES International Holding
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Oil and gas drilling and production services provider ADES International has extended the contract for Admarine 261 in Saudi Arabia, it announced on Monday.
The Middle East and North Africa-focussed, London-listed firm said the performance of the high-efficiency jack-up rig had resulted in the contract extension of one-year.
In its short statement, it said it would be effective on the expiry of the current contract in February, with the same daily rates.