Offshore Shukheir oil Company (OSOCO) has raised production to 1.7 million barrels of oil equivalent (mmboe) during the last fiscal year that is equivalent to an average of 7,100 boe per day, successfully offset ...
Minister of Petroleum and Mineral Resources Karim Badawi met with Mohamed Farouk, CEO of ADES, and his accompanying delegation, to review the company’s operations and discuss means of boosting production.
Minister of Petroleum and Mineral Resources, Karim Badawi, met with ADES CEO, Mohamed Farouk, and ADEs Egypt Country Manager, Ahmed Mohy, to discuss the company’s exploration and production (E&P) work.
The Suez Oil Company (SUCO) has achieved distinguished progress at Ras Badran field, as it increased its production by 3,800 barrels of oil equivalent per day (boe/d) reaching to 7,500 boe/d compared to the initia ...
ADES Holding Company (ADES) has secured six onshore contracts through its subsidiary with Kuwait Oil Company (KOC). The Award includes new contracts for four of the ADES’ current operating rigs in Kuwait as well a ...
ADES Holding Company has announced the official signing of a Jack-Up Drilling Contract with Egypt's Suez Oil Company (SUCO).
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 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 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 ...
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.
