ADES awarded long term contract for ADMARINE III jack-up rig

ADES International has been awarded a new contract for its ADMARINE III offshore jack-up rig from the General Petroleum Company (GPC). The contract is for an initial two-year period with an option to extend that for another two years. “ADMARINE III was originally leased out to GPC back in 2012 and marked ADES’s first steps into the offshore drilling market.” ADES CEO Mohamed Farouk says “our commitment to providing tailored solutions and superior services to our clients has enabled ADES to maintain long-term relationships with high-profile local and international energy companies, ensuring the continuity of our business during challenging climate.”