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ADES says Saudi Aramco renews two onshore rigs for 10 years

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Saudi Arabia’s ADES received 10-year contract renewals from Saudi Aramco for two onshore rigs in Saudi Arabia, according to an Oct. 13 statement on the Saudi stock exchange Tadawul. The Riyals 946 million ($252 million) renewals are for rigs ADES 13 and ADES 14, and the contract extension will “commence immediately upon expiry of the ...

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