April 18, 2025
‎ADES suspends 5 offshore rigs in Saudi Arabia

One of ADESjack-up rigs

ADES Holding Co. mutually agreed with its client in Saudi Arabia to suspend the operations at five of its 33 offshore jack-up rigs in the Kingdom, for a period that may extend up to 12 months.

One of the rigs whose operation is being suspended will be operated in the contract recently secured in Thailand…
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