ADES | Egypt Oil & Gas
Badawi Meets with ADES CEO, Discusses Drilling Operations
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. The meeting ...
ADES to Boost E&P Activities During Coming Period
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 meeting revie...
SUCO Surpasses Production Targets at Ras Badran
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 initial pl...
ADES Secures $640M Drilling Rig Contracts in Kuwait
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 as tw...
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). The signing of the two years contract took place on June 13, as operations are expecte...
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 have witnessed the signing of two agreements for exploratory and production services in some areas of the brownfi...
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 explorat...
ADES Reveals IPO Plan, Expected to List 30% Stake on Tadawul
ADES Holding Company 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 M... 
