ADES Holding Company, Saudi Arabia announces that it has signed a multi-year contract extension for its jackup rig, Aquamarine Driller, with QatarEnergy. This follows the May 2025 extension of Sapphire Driller and marks the second long‑term award secured in Qatar this year.
The estimated value of the contract is SAR 808 million (USD 215 million), including the firm and optional extensions.
This multi‑year award in Qatar is in line with the Company’s strategy of securing long term relationships in strategic markets in the Middle East, and highlights the continued trust of its client thanks to ADES’ outstanding safety performance and operational excellence, the company stated.
The extension is for a firm duration of four years, with three additional one-year options (Up to three years extension).
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