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ADES Holding secures $46.2 million contract with PT Pertamina Hulu Mahakam for Shelf Drilling Perseverance rig in Indonesia.

Oct 27, 2026

Contract Type

contract

Oil And Gas

Description

Saudi Arabia's ADES Holding has signed a contract valued at approximately $46 million for the Shelf Drilling Perseverance rig with PT Pertamina Hulu Mahakam. The contract spans a firm period of 406 days and aims to enhance operations in Southeast Asia.

Company Information

Company

ADES Holding

About

ADES Holding Co. is a company that specializes in offshore drilling services in the Gulf of Thailand.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.