ADES wins jackup work in Cameroon

Saudi oil and gas driller ADES has won a new contract for one of its jackup rigs from Sinopec Group subsidiary Addax Petroleum.

Addax hired the Admarine 510 rig for work in Cameroon. It will be ADES’ 13th country of operations and continuation of the company’s expansion across the high-potential West African market.

The contract is expected to begin in the fourth quarter of 2025 and will cover a firm twelve-month drilling campaign, with two optional extensions of six months each, for a total potential duration of up to 24 months. The contract value for the firm period is around SAR 128.9m ($34.3m), including mobilisation and demobilisation.

“By building on our recent successes in Nigeria and now expanding into Cameroon, we are building the right critical mass for optimised operations as we reinforce our long-term commitment to West Africa,” said Mohamed Farouk, CEO of ADES.