Ades signs 4.5 years charter agreement for its premium jack-up rig, Admarine 511, with Constellation Oil Services to execute a contract with Petrobras in Brazil.
- With Constellation being responsible for operating the rig in Brazil, the majority of the charter revenue for Ades will be reflected on the group’s Ebitda and profitability
- Operations are expected to begin in 4Q
To view the source of this information, click
To contact the reporter on this story:
To contact the editor responsible for this story:
© 2025 Bloomberg L.P. All rights reserved. ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.