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ADES secures two-year jackup rig drilling contract from GPC in Egypt

ADES secures two-year jackup rig drilling contract from GPC in Egypt

Egypt’s General Petroleum Co. (GPC) has contracted ADES International Holding’s jackup ADMARINE III for a two-year program. The contract carries an option for a further two-year extension. ADES does not foresee the need for significant additional investments in the rig prior to the deployment. CEO Dr. Mohamed Farouk said: “ADMARINE III’s original contract with GPC … Continue reading

ADES, Vantage Drilling JV to offer deepwater drilling services in Egypt

ADES, Vantage Drilling JV to offer deepwater drilling services in Egypt

Offshore driller Vantage Drilling has entered into a joint venture with ADES to provide deepwater drilling services in Egypt. In a statement on Wednesday, ADES said the alliance will benefit from Vantage’s deepwater drilling experience and ADES’ “leadership position” within the Egyptian offshore drilling market. The joint venture will operate Vantage’s deepwater drilling units in … Continue reading