StockMarketWire.com - Ades International said it had secured its first onshore deep drilling contracts in Kuwait, from Baker Hughes.

Both contracts - for rigs ADES 180 and ADES 878 - were awarded by Baker Hughes, under a primary term of two years firm and an option to extend for another six month.

The contracts were expected to commence in the second quarter of 2020 upon expiry of current contracts, with similar daily rates to the company's existing fleet in Kuwait.

At 8:04am: [LON:ADES] ADES International Holding Ltd share price was +0.15p at 11.95p



Story provided by StockMarketWire.com