Dana Gas, ADES-Vatage Sign Deepwater Agreement

Dana Gas, ADES-Vatage Sign Deepwater Agreement

Dana Gas signed an exploration agreement with ADES International Holding for drilling services in Egypt’s Mediterranean Sea, Offshore Magazine reported.

According to the agreement, Vantage’s Tungsten Explorer drillship will be responsible for drilling a firm well, with an option to drill three more wells. The drilling program is planned to be completed in 77 days.

“We are delighted to put the Tungsten Explorer back to work so soon after it completed certain upgrades as well as finishing its five-year campaign for Total in Congo,” said Ihab Toma, CEO of Vantage Drilling International.

According to a planned subcontract, ADVantage, the joint venture between ADES and Vantage Drilling International Company, will be responsible for providing services.

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Sarah Samir 3751 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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