ADES secures new contract for jackup in Brunei

Through its wholly owned subsidiary Shelf Drilling, ADES secured a new contract for the Compact Driller standard jackup with Brunei Shell Petroleum. 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 $63 million. The Compact Driller is expected to begin operations in Brunei in Q4 2026 and will undergo contract preparation activities in Singapore ahead of the commencement. The rig is currently on contract in India until May 2026.