Saudi drilling firm ADES seals 3 contracts worth $293 million in Indonesia and Algeria

Saudi drilling firm ADES seals 3 contracts worth $293 million in Indonesia and Algeria

Saudi drilling firm ADES seals 3 contracts worth $293 million in Indonesia and Algeria

Saudi oil and gas drilling provider ADES Holding Co. has secured three new contracts totaling $293 million, marking its entry into Indonesia and strengthening its presence in Algeria.

The company announced its foray into Southeast Asia with a long-term contract valued at SR803 million ($214 million) with Pertamina Drilling Services Indonesia, according to a bourse filing.

For more information, please see https://www.arabnews.com/node/2412651/business-economy

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