Sapphire Driller secures multi-year contract
Energy Disrupter
Fossil Energy – Drilling
ADES has signed a four-year contract extension for 375-ft jackup Sapphire Driller with North Oil Company offshore Qatar.
The confirmed term of the extension is four years with three one-year options also available. ADES put the total value of the firm and optional periods at around SAR 816 million (USD 217.6 million) and stated that the contract was at a better dayrate than its previous term.
Sapphire Driller worked for North Oil Company offshore Qatar since Q1 2022. The 2009-built rig was acquired by ADES from Vantage Drilling in 2021.
Original Source: https://ocean-energyresources.com/2025/05/15/sapphire-driller-secures-multi-year-contract/
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