Reposition drilling procurement for rising APAC survey and jack‑up demand

The contract duration comprises a two-year firm period, with two unpriced optional extension periods of one year each

With operations anticipated to start during the fourth quarter of 2026, the total contract value, including the firm duration, optional extensions, mobilization and demobilization fees, is about SAR 483 million (equivalent to approximately $129 million). ADES highlighted: “The award reflects the healthy demand environment in the North Sea and follows the recent contract extension secured by ADES in the region for the Shelf Drilling Winner in the Netherlands

The local in-country support services will be provided by the rig owner’s in-country partner

Home Fossil Energy Odfjell Drilling’s rig remaining with Norwegian oil & gas operator for another year July 17, 2026, by Odfjell Drilling, a 53-year-old offshore drilling player, has won a contract extension with Norway’s oil and gas player Aker BP for a 2019-built semi-submersible rig, which is working on the Norwegian Continental Shelf (NCS). Deepsea Nordkapp rig; Source: Odfjell Drilling Odfjell Drilling has received signed confirmation from Aker BP for the extension of the Deepsea Nordkapp rig’s firm contra

The operating rate applicable to the extension shall be set by the end of 2026, using a rate reflective of market rates and defined by two independent rig brokers

Deepsea Nordkapp rig; Source: Odfjell Drilling Odfjell Drilling has received signed confirmation from Aker BP for the extension of the Deepsea Nordkapp rig’s firm contract period by a year

Survey data will be processed and quality-controlled through the company’s regional data centers in Kuala Lumpur, Malaysia, and Perth, Australia

Fugro will use AUV technology with real-time support from its remote operations centers to execute the work

Home Subsea Fugro to start offshore survey program in Timor-Leste this year July 17, 2026, by Dutch Fugro has won a contract to perform a survey program offshore Timor-Leste that will support the planning and development of critical offshore energy infrastructure associated with two gas developments. Source: Fugro Fugro will deliver an extensive offshore site characterization program, including geophysical, seismic and autonomous underwater vehicle (AUV) surveys for the Greater Sunrise and Bayu Undan development

The closing of the divestment, which remains subject to remaining customary conditions precedent and closing processes, is expected to occur during Q3 2026

Courageous jack-up rig; Source: Fontis Energy Paratus Energy Services disclosed the sale of its jack-up business in March 2026 through two inter-conditional transactions, whereby Proyectos Globales de Energía y Servicios CME would acquire the Fontis Mexican operations for cash consideration, while CME and Borr, through a jointly owned acquisition vehicle, would get Fontis’ Singaporean rig-owning entities for a combination of cash and seller’s credit. “Paratus is pleased to announce that it has received clearan

All five rigs are currently in Mexico