ADES lands $46m jackup deal with Pertamina off Indonesia
Saudi drilling contractor secures 406-day contract for the Shelf Drilling Perseverance rig.
Saudi offshore drilling contractor ADES Holding has secured a new contract with Indonesia’s state-owned energy company Pertamina for the Shelf Drilling Perseverance jackup rig. The agreement, valued at up to SAR173.14 million ($46.17 million), includes a firm operational period of 406 days, with an optional extension of 30 days. The total contract value covers mobilisation and demobilisation costs.
The rig is scheduled to begin drilling operations offshore Indonesia around late December 2026, once it completes its current short-term campaign in Southeast Asia. While ADES did not disclose the specific field or drilling programme the rig will support, the contract marks a significant expansion of its presence in the region.
ADES described the deal as a milestone, stating it “expands our customer base in Indonesia and provides a platform for further cooperation.” The agreement aligns with Pertamina’s broader strategy to enhance production from its mature offshore assets, particularly in East Kalimantan.
Operational timeline and strategic impact: ADES
The contract comes as Pertamina advances several key projects in the region. Earlier this year, the company brought new production online at its Sisi Nubi offshore development. It is also progressing with infrastructure installations at the Manpatu field in South Mahakam, part of its efforts to sustain output through infill drilling and facility upgrades.
For ADES, the deal reinforces its position in Indonesia’s offshore drilling market, offering a foundation for future collaborations in the sector.
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