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.

Dana Gas, ADES-Vatage Sign Deepwater 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.

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