ADES Acquires Onshore Contracts in Algeria
ADES International completed acquiring four onshore rigs contracts from Weatherford in Algeria.
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.
Italy’s giant Eni and Oman Oil Company Exploration and Production won an Exploration and Production Sharing Agreement for block 47 in Oman.
During the 2018 exploration bid round ceremony, Eni was awarded areas A, B & C onshore Exploration Concession Agreements from UAE’s Sharjah National Oil Corporation (SNOC).
Malaysia’s Petroliam Nasional Bhd (PETRONAS) has acquired 10% stake in Oman’s onshore gas field from Oman Oil Company Exploration and Production LLC (OOCEP).