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Home > Finance > Saudi rig group ADES to buy Norway rival Shelf in $380 million deal

Saudi rig group ADES to buy Norway rival Shelf in $380 million deal

Published by Global Banking and Finance Review

Posted on August 5, 2025

1 min read

Last updated: January 22, 2026

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Saudi rig group ADES to buy Norway rival Shelf in $380 million deal

Quick Summary

ADES International to Acquire Shelf Drilling for $380 Million

ADES International's Acquisition of Shelf Drilling

Details of the Transaction

Market Implications

Future Outlook

Key Takeaways

Frequently Asked Questions about Saudi rig group ADES to buy Norway rival Shelf in $380 million deal