ADES Wraps up Purchase of Saipem’s Saudi Drilling Business
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
ADES completes acquisition of five Saipem jackups in Saudi Arabia
Saipem completed the sale of its entire shareholding in Saudi Arabian Saipem to ADES. The transaction, announced 24 June 2026, closed after Saipem obtained all applicable regulatory approvals and satisfied customary conditions precedent. Saudi Arabian Saipem operates in the shallow-water offshore drilling segment and owns three jackup rigs, the Perro Negro 7, Perro Negro 8 …
ADES wraps up purchase of Saipem’s Saudi drilling business
Saudi oil and gas driller ADES has completed its acquisition of Saipem’s Saudi shallow-water drilling business. The two entered into the transaction in late June. Under the deal, ADES’s indirectly owned subsidiary, ADES Saudi Limited, acquired Saudi Arabian Saipem Limited for a total purchase consideration of $285m. Saudi Arabian Saipem Limited owns a fleet of …
Saipem communicates that it has perfected the cession of the entire participation held in Saudi Arabian Saipem Limited to Ades Saudi Limited Company, society indirectly controlled from Ades Holding Company, international operator active to global level in the services of offshore and onshore drilling. The operation, announced last 24 June, has been perfected after having obtained the authorizations regulatory [...] The article Saipem finalizes t…
(Teleborsa) - Saipem has perfected the sale of the entire stake held in Saudi Arabian Saipem to ADES Saudi Limited Company, a company indirectly controlled by ADES Holding Company, operator...
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
