ADES Holding’s jack-up rig
ADES Holding Co.received a letter of award from PTTEP Energy Development Co. Ltd. (PTTEP) for an offshore jack-up drilling contract in the Gulf of Thailand, with an estimated backlog of SAR 1.035 billion. 
In a statement to Tadawul, the company said that the award is for a five-year confirmed period plus an optional three-year extension, and will see the deployment of the ADMARINE 503, a sister rig to the ADMARINE 502, which began operations in Thailand in the third quarter of this year.
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ADES Holding’s jack-up rig
ADES Holding Co.received a letter of award from PTTEP Energy Development Co. Ltd. (PTTEP) for an offshore jack-up drilling contract in the Gulf of Thailand, with an estimated backlog of SAR 1.035 billion.
In a statement to Tadawul, the company said that the award is for a five-year confirmed period plus an optional three-year extension, and will see the deployment of the ADMARINE 503, a sister rig to the ADMARINE 502, which began operations in Thailand in the third quarter of this year.
