RE: Oil Prices Racing Back Up Again12 Mar 2026 10:41
The rig was scheduled to drill the Njom-3 well on Tower’s Thali license in Cameroon in the fourth quarter of 2025 and then work for Addax in late 2025 following that engagement.
Since the Admarine 510 will return to Saudi Arabia, ADES will deploy the Admarine 501 to fulfil the Cameroon contracts upon completion of the rig’s current six-month contract in Nigeria, prolonging the rig’s visibility for up to two years.
ADMARINE 501 is currently located in the Gulf of Guinea (reported 2 minutes ago)