ADES, SUCO Seal Jack-Up Drilling Contract in Egypt
ADES Holding Company has announced the official signing of a Jack-Up Drilling Contract with Egypt's Suez Oil Company (SUCO).
ADES | Egypt Oil & Gas
El Molla Witnesses Signing of Two Agreements for Brownfields in Gulf of Suez
Minister of Petroleum and Mineral Resources, Tarek El Molla, and ADES Drilling Company CEO, Mohamed Farouk, witnessed the signing of two agreements for exploratory and production services in some areas of the brow ...
ADES Wins Contract to Operate, Enhance Production of SUCO, OSOCO Brownfields in Egypt
ADES Holding Company has announced that it has been awarded a service contract agreement (LOA) with the Egyptian General Petroleum Corporation (EGPC) – as part of a consortium partnership with a leading local expl ...
ADES Reveals IPO Plan, Expected to List 30% Stake on Tadawul
ADES International has announced its plans to float 30% of its share capital on the Saudi Tadawul. The company’s IPO offers 338,718,754 ordinary shares, which will be listed and traded on the Saudi Exchange’s Main ...
ADES Egypt Revenues Record $39.2 MM in H1 2020
Advanced Energy Systems (ADES) earned $39.2 million in revenues from its work in Egypt during H1 2020 against $43.6 million in H1 2019; indicating a 10% year-on-year (YoY) decrease.
MoP, EOG-CSR Offer Second Batch of Anti-Coronavirus Aid Supply to Medical Community
The Ministry of Petroleum and Mineral Resources, and Egypt Oil & Gas (EOG) Technical Committee through its Corporate Social Responsibility (CSR) subcommittee have sent the second batch of medical equipment today, ...
MoP, EOG-CSR Subcommittee Support Medical Community Against COVID-19
To support the medical community amid the coronavirus (COVID-19) outbreak, the Ministry of Petroleum and Mineral Resources, and Egypt Oil & Gas (EOG) Technical Committee through its Corporate Social Responsibility ...
ADES Renews Contract with Saudi Arabia
ADES International, a drilling contractor, renewed a contract with a client in Saudi Arabia for a jack-up drillship.
ADES Secures Deepwater Drilling Contracts with Baker Hughes
ADES announced that it has secured its first onshore deep drilling contracts under a lump sum turnkey project in Kuwait with Baker Hughes, a GE Company.
ADES Extends Algeria’s Onshore Rig Contract
ADES International signed a one-year extension contract for an Algerian onshore rig.
