Fossil Energy – Drilling
ADES has secured an offshore drilling services contract from Nigeria’s Seplat Energy.
The contract duration for the Shelf Drilling Victory rig is two years and valued at $92.7 million, according to the company’s statement to the Saudi stock exchange.
The contract value includes mobilisation and demobilisation fees, as well as ADES’s local partner’s share.
Operations for the rig are expected to commence in the second half of 2026, following its current campaign in Nigeria.
