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

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.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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