ADES extends India presence with two-rig ONGC award

ADES Holding secured contracts from Oil and Natural Gas Corp. (ONGC) for two standard jackups in India, the Key Singapore and the Admarine 10. Each rig received a three-year firm term.

Both rigs are due to finish their current campaigns by the end of Q4 2026, with operations under the new contracts expected to begin by the end of Q1 2027. ADES linked the awards to improving utilization in the regional jackup market.

ADES operates 86 offshore jackups, including 51 premium units, along with 40 onshore rigs.