ADES Signs New Offshore Drilling Contract in Egypt

Written by Paulo Nogueira

Published on 24/06/2019 at 07:07

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ADES International, a Provider of Drilling and Production Services for Oil and Gas in the Middle East and North Africa (MENA), Received a New Two-Year Contract for Its Offshore Platform Admarine IV in Egypt.

According to ADES’s statement on Monday, the contract for Admarine IV was awarded by a “leading Egyptian energy company” through a bidding process. It has an initial contract term of one year, with an option to extend for another year at the same rates. ADES did not reveal the name of the Egyptian operator that hired the platform.

The rig has been working for GUPCO since January 2014, and its current contract with the company expires in July 2019. In addition, ADES has signed a one-year extension contract for its land rig RIG 828 – recently acquired from Weatherford – in Algeria.
The extension was made under the same terms of the rig’s previous contract. It will run until June 2020.

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ADES Signs New Offshore Drilling Contract in Egypt

ADES International, a Provider of Drilling and Production Services for Oil and Gas in the Middle East and North Africa (MENA), Received a New Two-Year Contract for Its Offshore Platform Admarine IV in Egypt.

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ADES Signs New Offshore Drilling Contract in Egypt

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A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

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