Saudi Arabia, Nov. 28 -- ADES Holding Company is pleased to announce that it has secured through its wholly owned subsidiary Shelf Drilling a new contract for the Compact Driller standard jackup with Brunei Shell Petroleum Sdn. Bhd ("BSP"). The contract has a term of two years.The jackup will be deployed to perform plug and abandonment ("P&A") operations at offshore Brunei. The estimated contract value is approximately SAR 236 million (USD 63 million). The Compact Driller is expected to commence operations in Brunei during the fourth quarter of 2026 and will undergo contract preparation activities in Singapore ahead of the commencement. The rig is currently on contract in India until May 2026.
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