ADES Holding secures $100M offshore drilling contract with Seplat Energy Producing Nigeria Unlimited

Type: Supply Agreement · Technology: Oil Gas · Country: Nigeria · Value: $100M · Announced: 2026-07-20

ADES Holding signed a $100M supply agreement with Seplat Energy Producing Nigeria Unlimited for the Shelf Drilling Odyssey jack-up rig. The contract covers a two‑year firm period with two optional one‑year extensions and includes mobilization and demobilization fees. Operations are slated to start in the first quarter of 2027, with ADES providing local in‑country support services through its partner. The deal expands ADES's presence in the Nigerian offshore market and adds material utilization to its jack‑up fleet. No advisory or financing parties were disclosed in the announcement.

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