ADS Services Signs Partnership Contract with Totalindo Energi

ADS Services, LLC ("ADS"), a portfolio company of Black Bay Energy Capital ("Black Bay"), has signed a partnership contract and joint submission agreement with PT Totalindo Energi ("Totalindo Energi") for the supply of Managed Pressure Drilling (MPD) services and equipment.

PT Totalindo Energi is the only national MPD company in Indonesia and is led by a management team with a long history and experience in the MPD industry.

"We are pleased to announce that our first customer is already mobilizing equipment to the region. We are excited to introduce our technologies both onshore and offshore in Indonesia," said Charlie Orbell, CEO of ADS Services.

The collaboration between ADS and Totalindo Energi will focus on introducing and integrating dynamic pressure control systems into the region.

"We are thrilled to form our partnership with an esteemed original equipment manufacturer (OEM) like ADS, who will bring their cutting-edge technologies and vast experience on board. This collaboration will propel our local company strength and capability to new heights, enhancing our ability to introduce advanced technology and significantly bolster our support for the local Managed Pressure Drilling market in Indonesia," said Budhy Rachmat, Director, PT Totalindo Energi.