Shell Partners With ADES for Major Offshore Drilling Contract

About this update from Ades Holding Company

Shell plc SHEL, a global leader in the energy sector, continues to strengthen its foothold in Southeast Asia through strategic partnerships and significant operational moves. One of the most recent developments comes from ADES International Holding, a subsidiary of ADES Holding Company, which is part of the Saudi Arabia-based ADES Group. In a notable achievement, ADES has secured a key offshore drilling contract with Brunei Shell Petroleum (“BSP”), a joint venture between the Brunei government and Shell, a UK-London-based integrated oil and gas company.This partnership signals a major milestone in ADES' growing presence in the region, as it embarks on an important offshore drilling project in Brunei.Offshore Drilling Assignment: A Strategic Move for ADESThe latest contract awarded to ADES comes with an estimated value of approximately SAR 236 million (around $63 million) and involves the deployment of its Compact Driller standard jack-up rig. This rig will perform plug and abandonment (P&A) operations offshore Brunei, showcasing ADES' strong capabilities in the field of offshore drilling. The jack-up rig is set to begin operations in late 2026, a project that will be vital for BSP’s ongoing offshore development.This contract is particularly significant as it marks the first award following ADES’ merger with Shelf Drilling, a UAE-based rig owner. The newly acquired subsidiary, Shelf Drilling, will play a critical role in the success of this contract, leveraging its extensive experience in offshore drilling operations across Southeast Asia. ADES' ability to secure this contract shortly after the merger highlights its integrated approach and operational strength.Enhancing Operational Capabilities With Shelf DrillingThrough its wholly owned subsidiary, Shelf Drilling, ADES is now in a position to offer enhanced capabilities in the offshore drilling market. Shelf Drilling has a well-established track record in delivering high-quality drilling services, especially in plug and abandonment operations. These services are crucial for ensuring the safe and efficient decommissioning of offshore wells, a process that requires significant expertise and precision. The selection of the Compact Driller rig for this project further demonstrates ADES’ commitment to providing reliable, state-of-the-art technology to meet the complex demands of the offshore oil and gas indust...

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