ADES signs PSA for three operational jackups in the Arabian Gulf

ADES International Holding Ltd., the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has signed a Purchase and Sale Agreement (PSA) with Nabors Drilling International II Limited, a subsidiary of Nabors Industries Ltd (Nabors). to acquire three operating offshore jackup rigs currently contracted by a major national oil company in the Arabian Gulf for a total purchase price of $83 million. More »