Riyadh - Mubasher: ADES Holding Company has received resumption notices for one of its offshore contracts and several onshore contracts in Saudi Arabia.

Expected to commence in January 2026, the offshore contract aims to meet its client’s needs, according to a recent press release.

The company will deploy Admarine 510 to complete the resumption notice, which had been awarded a contract in Cameroon and is currently undergoing preparation in Bahrain, close to Saudi Arabia.

In West Africa, ADES will deploy Admarine 501 to fulfill the Cameroon award upon completion of the rig’s current six-month contract in Nigeria, thereby prolonging the rig’s visibility for the potential duration of two years.

These redeployments reflect the group’s strong global platform and fit-for-purpose fleet, which enable it to rapidly mobilize assets, enhance utilization, and capture opportunities across key markets.

The return of rigs in the Kingdom comes amid continued strength in global market fundamentals, with contracted jackup utilization rates holding above 90% and day-rates remaining firm.

Mohamed Farouk, CEO of ADES Holding, said: “We are very pleased to announce the resumption of a number of contracts in Saudi Arabia, which marks another important milestone in our home market and validates our positive long-term view on the strength of demand in the Kingdom and globally.”

“The deployment of Admarine 510 to fulfill the offshore commitment exemplifies ADES’ operational agility and the strength of our global platform, allowing us to seamlessly meet client requirements while efficiently utilizing our fleet,” he added.