Minister of Petroleum and Mineral Resources Karim Badawi met with ADES CEO Mohamed Farouk and ADEs Egypt Country Manager Ahmed Mohy to discuss the company’s exploration and production (E&P) work.

The meeting reviewed ADES’ work status in the field of drilling exploratory and production wells in the Abu Redis area and the Gulf of Suez area, as well as the plans for drilling exploratory and development wells targeted during the coming period, which will contribute to opening new horizons for increasing crude oil production rates.

During the meeting, Badawi praised the efforts of the company, the work teams and the spirit with which they work, which he witnessed during his visit last November to the Ras Badran field in the Abu Redis area, which was able to use the latest technologies and advanced techniques to achieve success stories that contributed to increasing the rates of crude oil production from this area during the recent period. Badawi noted that ADES is a good model for cooperation and that the results it has recently achieved will contribute to attracting new investments in research and exploration activities.

For his part, Farouk praised Badawi’s support for the company, as well as the full cooperation and coordination with the Egyptian General Petroleum Corporation (EGPC), which contributed to the company achieving these successes.

Farouk explained that the company has an ambitious plan to increase exploratory and development well drilling operations in light of the promising petroleum evidence and promising results for increasing production rates in its operating areas during the coming period.