ADES wins second deepwater drilling contract in Egypt

ADES SAE has signed a second deepwater drilling contract in Egypt’s Mediterranean waters with an unnamed international oil company, the company said in a statement. Advantage, a joint venture between ADES and Vantage Drilling International, will drill the Nigma 1 well over 73 days on a profit-sharing basis. The company signed a deepwater drilling contract with Dana Gas in March, and a two-year contract with an unnamed Egyptian energy company in June for its Admarine IV jackup rig in Egypt, and