| Element List | Explanation |
|---|---|
| Date of Announcement of the Award | 2026-04-09 Corresponding to 1447-05-26 |
| Contract Subject Matter | Contract For Offshore Drilling Services |
| The Entity with Which the Contract was Signed | Chevron Nigeria Limited |
| Date of Signing the Contract | 2026-04-09 Corresponding to 1447-10-21 |
| Contract Value | The extension adds approximately SAR 178 million (approx. USD 47.5 million), from its firm period to the Group’s backlog |
| Contract Details | ADES Holding Company is pleased to announce the extension of the drilling contract for its premium jackup rig Shelf Drilling Scepter in Nigeria for a firm period of one-year, with a one-year unpriced option. The extension is in direct continuation of the rig’s existing contract expiring in July 2026. By strengthening its presence in high-growth markets such as Nigeria, ADES continues to complement its established GCC base with scalable global operations, underpinned by favorable day-rate dynamics and sustained tendering activity |
| Contract Duration | The extension is for a firm period of one year, with a one-year unpriced option. |
| Financial Impact and the Relevant Period | The extension is in direct continuation of the rig’s existing contract expiring in July 2026 |
| Related Parties | N/A |
| Attached Documents | Attached Documents |
