ADES International Holding to acquire Shelf Drilling in NOK 3.9bn deal.

ADES International Holding, a Saudi offshore and onshore drilling services provider, agreed to acquire Shelf Drilling, a global company specializing in offshore drilling services with a fleet of 35 jack-up rigs operating across the Middle East, North Africa, Asia, West Africa, and the North Sea, for NOK 3.9bn. “The transaction is in the best interest of the Company and its shareholders,” Shelf Drilling Board of Directors.