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Tag: Ultra Deepwater

ADES International wins its second deepwater drilling contract in Egypt

Posted: October 11, 2019 at 2:29 pm   /   Oil & Gas

ADES International Holding has secured a deep-water drilling contract in the Egyptian Mediterranean area. ADES confirmed the contract award on Friday with an unnamed “top tier international oil company”. Award to be sub-contracted out to company’s joint venture with Vantage Drilling. The company said it would provide the work via Vantage Drilling’s Tungsten Explorer. The […]

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Egypt has fourth largest remaining ultra-deepwater natural gas reserves

Posted: June 6, 2018 at 2:09 pm   /   Oil & Gas

Egypt is one of the ten countries in the world with the largest remaining ultra-deepwater natural gas reserves, with around 18,852 bcf ready to be economically recovered, according to GlobalData Energy. Ultra-deepwater gas production set to triple by 2025. Global ultra-deepwater gas production is expected to more than triple over the next eight years, from […]

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