ADES International | Egypt Oil & Gas

ADES Extends Algeria’s Onshore Rig Contract

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

ADES Achieves Strong Performance in Q1 2019

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

ADES International Revenues from Egypt Reach $87.2 M by End of 2018

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 Acquires Onshore Contracts in Algeria

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

ADES Renews Saudi Rigs Contracts

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

ADES Wins Two Saudi Onshore Drilling Contracts

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 Borrows $450 M to Finance Acquisitions

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.

ADES Announces 17.5% Annual Revenue Growth

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

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