Core Viewpoint - ADES Holding Company is set to resume several drilling contracts in Saudi Arabia, indicating a positive outlook for demand in the region and globally [1][2]. Group 1: Contract Resumption - ADES will restart multiple onshore agreements and one offshore contract, with the offshore contract scheduled to begin in January 2026 [1]. - The Admarine 510 rig will be deployed for the offshore contract after completing its current tenure in Nigeria, which may last up to two years [2]. Group 2: Market Conditions - The resumption of contracts is supported by strong global market conditions, with jack-up utilization rates exceeding 90% and stable day rates [3]. - The operational agility of ADES is highlighted by the deployment of the Admarine 510 rig to meet client requirements efficiently [3]. Group 3: Company Operations - ADES operates internationally with a fleet of 90 rigs across 13 countries, employing over 8,000 people [4]. - The fleet includes 40 onshore rigs and 48 jack-up offshore rigs, among other assets [4]. Group 4: Merger Activity - ADES announced revised terms for its proposed merger with Shelf Drilling, increasing the cash consideration by 28% to Nkr18.50 ($1.88) per share [5]. - The merger was approved by Shelf Drilling's shareholders at an extraordinary general meeting [5].