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ADES Holding completes the signing of the Jack-up Drilling Contract in Qatar
2382
ADES
-0.15
%
1445/10/27 06/05/2024 08:03:12
| Element List | Explanation |
|---|---|
| Date of Announcement of the Award | 2024-04-14 Corresponding to 1445-10-05 |
| Contract Subject Matter | Contract For Offshore Drilling Services |
| The Entity with Which the Contract was Signed | TotalEnergies |
| Date of Signing the Contract | 2024-05-05 Corresponding to 1445-10-26 |
| Contract Value | Approximately SAR 350 million |
| Contract Details | 1-year firm and 18-month optional contract award in Qatar for a jack-up rig. |
| Contract Duration | 1-year firm and 18-month optional |
| Financial Impact and the Relevant Period | Operations are expected to commence in the second half of 2024 |
| Related Parties | N/A |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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