QatarEnergy awards second offshore rig contract extension to ADES
QatarEnergy has awarded a four-year offshore drilling services contract for the Aquamarine Driller jackup, according to owner/operator ADES Holding.
It follows the extended term secured this May for ADES’ Sapphire Driller, also for operations offshore Qatar.
Aquamarine Driller’s new contract includes options for up to three further years. ADES estimates the value of the firm/optional extensions at $215 million.
Previous owner Vantage Drilling sold the rig to ADES in 2022.
Middle East offshore drilling groups agree to merger terms
Last month, ADES International Holding made an offer to acquire all shares in Shelf Drilling via a cash merger arrangement.
Following completion of the transaction, which Shelf Drilling management has approved, the latter would be de-listed from the Oslo Stock Exchange.
Shelf Drilling’s focus is on shallow-water offshore drilling operations in the Middle East, Southeast Asia, India, West Africa, the Mediterranean and the North Sea.
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About the Author
Jeremy Beckman
Editor, Europe
Jeremy Beckman has been Editor Europe, Offshore since 1992. Prior to joining Offshore he was a freelance journalist for eight years, working for a variety of electronics, computing and scientific journals in the UK. He regularly writes news columns on trends and events both in the NW Europe offshore region and globally. He also writes features on developments and technology in exploration and production.