ADES International Holding PLC - oil & gas drilling and production services provider in the Middle East and North Africa - Announces it has secured a new six-month contract with an unnamed "top-tier client" for its Admarine 5 oil rig in the Gulf of Suez, Egypt. Says there is an option to extend the contract for an additional six months, to further strengthen ADES's position and revenue visibility in Egypt. Notes the new contract comes with a "broadly similar daily rate compared to the previous contract" and is expected to begin in February.
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By Zoe Wickens; zoewickens@alliancenews.com
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