ADES International signed a one-year extension contract for an Algerian onshore rig.

ADES has achieved revenues of around $108.7 million until March 2019, up from $41.2 million a year before.

ADES International Company announced that its revenues from Egypt reached $87.2 million at the end of 2018, recording 42.4% of its total revenues in 2018.

ADES International completed acquiring four onshore rigs contracts from Weatherford in Algeria.

The contracts’ renewal term for all six rigs start during February 2019 as existing contracts expire.

ADES International, an oil and gas drilling and production company, announced winning the bid for two onshore drilling contracts worth $150 million in Saudi Arabia.

ADES International Holding Company will borrow a syndicated loan worth $450 million over five years in order to finance acquisitions following the company’s 2017 initial public offering.

The Advanced Energy Systems company has announced revenues of $157.6 million in 2017, a 17.5% year-on-year increase from 2016.