Middle EastOffshore

ADES scores new jackup contract in Egypt

Egyptian offshore driller ADES International has sealed a new contract for 1981-built jackup rig Admarine 5 in the Gulf of Suez.

The contract is for six months firm, with the option to extend for an additional six months.

ADES says the contract further strengthens its position and revenue visibility in Egypt.

The Dubai-headquartered company has a fleet of 13 offshore jackup rigs, a jackup barge, and a mobile offshore production unit.

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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