ADES Holding has won two offshore drilling contracts with a combined value of about SR858.3 million, or $229.1 million, covering work in Nigeria and the UK North Sea. The awards add to the Saudi Arabia-based company’s presence in key offshore energy markets.
According to the company, the new orders are tied to offshore drilling operations in both regions. While only limited details were disclosed, the contracts point to continued demand for drilling services in established oil and gas basins.
The Nigeria and UK North Sea markets remain important for offshore activity, and securing work in both areas gives ADES exposure to projects across different producing regions. For drilling contractors, multi-market contract wins can help support fleet utilization and revenue visibility.
The latest awards underscore ADES Holding’s role as a regional oilfield services player expanding its footprint beyond Saudi Arabia. With fresh offshore work now booked in West Africa and the North Sea, the company has strengthened its contract pipeline in the international drilling sector.
