ADES awarded Egyptian drillship contract

ADES awarded Egyptian drillship contract

Offshore driller ADES International Holding has been awarded a contract for a drilling campaign in the Egyptian Mediterranean area at Nigma 1.

Work has been subcontracted to ADVantage, a JV between ADES and Vantage Drilling, and will utilise Vantage Drilling’s drillship Tungsten Explorer and is one firm well estimated at 73 days.

Mohamed Farouk, chief executive officer of ADES, commented: “We are extremely pleased to have secured a second deepwater drilling campaign with our top tier client in the Mediterranean, where we will build on our track record of consistently delivering high-quality service to our clients. This project is fully consistent with our focus on the region. With a string of major gas discoveries propelling demand for oil and gas services and prospective drilling programs, lucrative commercial opportunities continue to attract attention. ADES is on the right track, as we fully leverage our valuable partnership with Vantage and its high-quality asset in Egypt’s ultra-deepwater market.”

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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