Approximately SAR 128.9 million associated with the one year firm period, including mobilization and demobilization.
Contract Details
ADES Holding co. announce that it has been awarded a new contract for the use of Admarine 510 in Cameroon, marking ADES’ entry into its 13th country of operations and continuation of Company’s expansion across the high-potential West African market.
Contract Scope and Duration: The contract has been awarded by Addax Petroleum Cameroon Company S.A., part of Sinopec Group, a major national oil company (NOC). A one-year firm contract, commencing in Q4 2025, with two optional six-month extensions at mutually agreed rates, for a potential total duration of up to two years.
Related Parties
Not Applicable
Attached Documents
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