Drilling
ADES Holding has secured three-year contracts from India’s Oil and Natural Gas Corporation (ONGC) for two jack up drilling rigs.
The combined firm contract value is $117.2 million.
The awards cover the standard jack-up rigs Key Singapore and Admarine 10, each contracted for a three-year firm period.
Operations under the new contracts are expected to begin by the end of the first quarter of 2027, following the completion of the rigs’ existing drilling campaigns by the end of the fourth quarter of 2026.
