ADES has received notifications of extension for three of its offshore jackup rigs operating in Egypt.
The extensions cover three contracted rigs with the General Petroleum Company (GPC): Admarine III and Admarine VI, which have been extended for a firm one-year period with an optional one-year extension expected to commence over the course of 2025 and 2026 upon expiry of their current contracts; and Admarine V, which has been extended for a firm three-year period with an optional one-year extension and is effective immediately.
Source: ADES
