# ADES secures five-year contract renewal for ADMARINE 262 jack-up rig

ADES International has been awarded a five-year contract renewal for its ADMARINE 262 jack-up drilling rig, effective from April 2020, with a higher day rate. The rig is operating for Saudi Aramco in Saudi Arabia.

- Type: Contract
- Announced: 2020-01-08
- Where: Saudi Arabia, Saudi Arabia
- Status: announced
- Products: jack-up drilling rig services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [ADES International](https://endata.com/companies/44362.md)
- [Saudi Aramco](https://endata.com/companies/304.md) (customer)

## Sources

- [oedigital.com](https://www.oedigital.com/news/474400-new-contract-higher-day-rate-for-ades-jack-up-rig), 2020-01-08: "The ADMARINE 262 renewal has a five-year tenure, which will be effective upon the expiry of the current contract in April 2020, and will have a higher daily rate."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.