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Jack-up Rig

ADES Wins Nigeria Jack-Up Contract

ADES Holding Company secured a $48.2 million offshore drilling contract in Nigeria for the Main Pass IV jack-up rig, with work expected to start in Q3 2026.

Valaris Backlog Reaches $4.9 billion

Valaris added about $560 million through new rig contracts and extensions, raising total backlog to around $4.9 billion after recent drillship and jack-up awards.

Valeura Secures Jack-Up for Thailand Campaign

Valeura Energy has secured the Shelf Drilling Enterprise on a three-year charter to support offshore Thailand activity, with drilling expected to begin in the fourth quarter and continue through 2029.

ModuSpec Expands Rig Intake Work in Europe and Africa

ModuSpec has secured about £450,000 in shipyard-based rig intake and inspection projects covering two drillships and two jack-up rigs, with work spanning Las Palmas, Croatia and Pointe-Noire ahead of offshore drilling campaigns in Europe and Africa.

Borr Drilling Sees More Rigs Return to Work

Borr Drilling said Arabia III has resumed work offshore Saudi Arabia, while Groa and Arabia II are due to restart in April 2026. The company also expects Odin to begin work next month and confirmed a new six-month award for Skald in Southeast Asia.

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