ADES Holding Company, part of the Saudi-based ADES Group, has received approval to restart one of its offshore drilling contracts in Saudi waters. The operation is expected to begin in January 2026.
The company confirmed that the resumption notice covers one offshore assignment and several onshore contracts within the Kingdom of Saudi Arabia (KSA). To meet the offshore commitment, ADES will deploy the Admarine 510 jack-up rig.
The rig, which recently secured a contract in Cameroon, is currently undergoing preparation in Bahrain, located close to Saudi Arabia.
Dr. Mohamed Farouk, CEO of ADES Holding, stated: “We are very pleased to announce the resumption of a number of contracts in Saudi Arabia, which marks another important milestone in our home market and validates our positive long-term view on the strength of demand in the Kingdom and globally.”
Following the completion of its current six-month drilling program in Nigeria, the 2019-built Admarine 510 will be deployed to carry out the Cameroon contract. This schedule provides potential operational continuity for about two years.
According to ADES, these redeployments highlight the company’s global platform and its fit-for-purpose fleet, which enable efficient mobilisation and utilisation across key markets.
Dr. Farouk added: “Meanwhile, the deployment of Admarine 510 to fulfil the offshore commitment exemplifies ADES’ operational agility and the strength of our global platform, allowing us to seamlessly meet client requirements while efficiently utilising our fleet. We are delighted to see our rigs returning to Saudi Arabia and the wider GCC region, even as we continue expanding our presence in high-growth areas such as West Africa.”
The return of rigs to Saudi Arabia comes amid continued strength in global drilling conditions, with contracted jack-up utilisation rates above 90% and day-rates remaining firm.
Source: Offshore Energy
