ADES Completes Acquisition of Shelf Drilling, Cementing its Position as the Global Leader in Offshore Drilling

ADES is pleased to announce the successful completion of its acquisition of Shelf Drilling, Ltd. through a cash merger. The acquisition marks a pivotal step in ADES’ transformation, firmly establishing ADES as the global leader in offshore drilling, with a combined fleet of 83 offshore units (46 premium units) and 40 onshore rigs, now operating across 19 countries — up from 13 previously — making ADES one of the broadest and most geographically diversified offshore drilling platforms in the world with operations now spanning its home market in Saudi Arabia, the GCC, and key growth regions such as Southeast Asia and West Africa.