ADES awarded new rig contract

ADES awarded new rig contract

Egyptian drilling service provider ADES has been awarded a new contract by an Egyptian energy company for the deployment of its jackup rig Admarine IV through a tender.

The contract is for a period of one-year initially, and has an option to extend for another year at the same rates.

“Award of a new contract with a leading Egyptian energy company reinforces the strength of ADES’ business model that focuses on providing tailored solutions and superior services in a highly competitive market,” Dr. Mohamed Farouk, chief executive officer of ADES International Holding.

ADES currently operates 13 jack up drilling rigs.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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