| Element List | Explanation |
|---|---|
| Date of Announcement of the Award | 2025-09-02 Corresponding to 1447-03-10 |
| Contract Subject Matter | Contract For Offshore Drilling Services |
| The Entity with Which the Contract was Signed | QatarEnergy |
| Date of Signing the Contract | 2025-09-02 Corresponding to 1447-03-10 |
| Contract Value | Estimated backlog of SAR 808 million (USD 215 million), including the firm and optional extensions. |
| Contract Details | ADES is pleased to announce that it has signed a multi-year contract extension for its jackup rig, Aquamarine Driller, with QatarEnergy. This follows the May 2025 extension of Sapphire Driller and marks the second long‑term award secured in Qatar this year. This multi‑year award in Qatar is in line with the Company’s strategy of securing long term relationships in strategic markets in the Middle East, and highlights the continued trust of its client thanks to ADES’ outstanding safety performance and operational excellence. |
| Contract Duration | The extension is for a firm duration of four years, with three additional one-year options (Up to three years extension). |
| Financial Impact and the Relevant Period | The effect of the extension will be effective immediately. |
| Related Parties | N/A |
