economic

Saudi Arabia’s ADES wins $46m Indonesia contract for Shelf Drilling Perseverance rig

RIYADH: Saudi oil and gas giant ADES Holding has signed a new contract with PT Pertamina Hulu Mahakam for the Shelf Drilling Perseverance jack-up rig in Indonesia, worth about SR173.14 million ($46.2 million). The deal, announced in a Tadawul statement on Oct…

Reported by Arab News Oct 27, 2026 · 10:53 UTC

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INCIDENT FUSION

2 reports · 2 sources

Arab NewsSaudi Arabia’s ADES wins $46m Indonesia contract for Shelf Drilling Perseverance rig10:53 UTC Arab NewsSaudi Arabia’s ADES wins $46m Indonesia contract for Shelf Drilling Perseverance rig10:53 UTC

INCIDENT EVOLUTION

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Oct 27 · 11:32 UTC

Signal first indexedP1 · 68% quality · 1 source

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Corroboration 1→2 sources · quality 68→72P1 · 72% quality · 2 sources

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Saudi Arabia’s ADES wins $46m Indonesia contract for Shelf Drilling Perseverance rig

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