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Ades Holding Wins SAR181 Million Jack-Up Rig Contract in Nigeria

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Ades Holding (SASE:2382) secured a contract worth 180.7 million Saudi riyals from Belbop Nigeria to deliver its Main Pass IV standard jack-up rig.

The one-year firm contract has an additional one-year unpriced option, according to a Wednesday release by the drilling services company. Rig operations will start in the third quarter.

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