Markets
Chevron keeps ADES’ 2007-built jack-up rig busy in Angolan waters for another year
CEII brief
Offshore Energy reported on 3 Nov 2026: Chevron keeps ADES’ 2007-built jack-up rig busy in Angolan waters for another year.
Read the full story on Offshore EnergyThis multimillion-dollar extension enables the 19-year-old jack-up rig to remain with Chevron’s subsidiary until February 2028.
Context from CEII
Exchange rates and the cost of capital shape every energy project, especially in emerging markets where equipment is priced in dollars.
₦1,345.87 per US dollar, reference rate todayOriginal reporting © Offshore Energy. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
