ADES wins another Saudi Arabia rig extension

ADES wins another Saudi Arabia rig extension

ADES International has been granted a one-year contract expansion for rig work in Saudi Arabia. 

The contractual worker said on Monday its additional one more year to the agreement for the high-productivity lift rig Admarine 261. 

ADES didn't uncover the client that recharged the arrangement, however said the exhibition of the apparatus brought about the one-year tenor expansion, which will be viable upon the expiry of the present agreement in February 2020, with a similar day by day rates. 

Not long ago, ADES verified an agreement recharging for the Admarine 262 lift rig with Saudi Arabia. 

That restoration had a five-year tenor, which will be compelling upon the expiry of the present agreement in April 2020, and will have a higher every day rate.