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ADES seals extensions for three jackups

ADES seals extensions for three jackups

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London-listed Middle Eastern drilling contractor ADES International Holding has extended the existing contracts for jackup rigs Admarine II and Admarine IV, while also renewing a contract for another jackup Admarine VI, all of which are operating in the Gulf of Suez.

The Admarine II (three months) and Admarine IV (six months) extensions serve as a prelude to finalising their renewals with The Gulf of Suez Petroleum Company.

The renewal of Admarine VI is for two years firm with Egypt’s General Petroleum Company.

Dr. Mohamed Farouk, chief executive officer of ADES International Holding, commented: “Our ability to successfully extend and renew existing contracts with high-profile clients underlines the superiority of ADES’ services and its exemplary safety record. Securing these new awards is directly in line with our growth strategy and allows us to deliver on one of our primary pillars, namely the continued build-up of our backlog.”

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Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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