ADES wins two-year jackup contract with Seplat Energy in Nigeria

ADES Holding secured a two-year offshore drilling contract with Seplat Energy Producing Nigeria Unlimited for the jackup Shelf Drilling Victory, with two optional one-year extensions.

The contract, valued at approximately $92.7 million for the firm term including mobilization and demobilization fees, is expected to commence in the second half of 2026 following completion of the rig’s current campaign in the country.