{"id":637538,"date":"2017-11-19T04:13:51","date_gmt":"2017-11-19T04:13:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/"},"modified":"2017-11-19T04:13:51","modified_gmt":"2017-11-19T04:13:51","slug":"ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/","title":{"rendered":"ADES awarded long term contract for ADMARINE III jack-up rig"},"content":{"rendered":"

ADES International has been awarded<\/a> 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. \u201cADMARINE III was originally leased out to GPC back in 2012 and marked ADES\u2019s first steps into the offshore drilling market.\u201d ADES CEO Mohamed Farouk says \u201cour 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.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

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. \u201cADMARINE III was originally leased out to GPC back in 2012 and marked ADES\u2019s first steps […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637538","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"cf0178ad-6fb3-4baf-858e-7e7165ea56be","order":"0","is_powered_by":true,"section_story_id":"37c06020-e882-491f-9224-a6a3e79a1153","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637504],"teaser":"","voice_url":""},"yoast_head":"\nADES awarded long term contract for ADMARINE III jack-up rig - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADES awarded long term contract for ADMARINE III jack-up rig\" \/>\n<meta property=\"og:description\" content=\"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. \u201cADMARINE III was originally leased out to GPC back in 2012 and marked ADES\u2019s first steps […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-19T04:13:51+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ADES awarded long term contract for ADMARINE III jack-up rig\",\"datePublished\":\"2017-11-19T04:13:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/\"},\"wordCount\":110,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/\",\"name\":\"ADES awarded long term contract for ADMARINE III jack-up rig - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-11-19T04:13:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ADES awarded long term contract for ADMARINE III jack-up rig\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"ADES awarded long term contract for ADMARINE III jack-up rig - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/","og_locale":"en_US","og_type":"article","og_title":"ADES awarded long term contract for ADMARINE III jack-up rig","og_description":"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. \u201cADMARINE III was originally leased out to GPC back in 2012 and marked ADES\u2019s first steps […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-11-19T04:13:51+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"ADES awarded long term contract for ADMARINE III jack-up rig","datePublished":"2017-11-19T04:13:51+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/"},"wordCount":110,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["energy","EnterpriseAM"],"articleSection":["Energy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/","name":"ADES awarded long term contract for ADMARINE III jack-up rig - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-11-19T04:13:51+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/ades-awarded-long-term-contract-for-admarine-iii-jack-up-rig\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"ADES awarded long term contract for ADMARINE III jack-up rig"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":644826,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/ades-international-holding-awarded-drilling-contracts-in-egypt\/","url_meta":{"origin":637538,"position":0},"title":"ADES International Holding awarded drilling contracts in Egypt","author":"enterpriseam admin","date":"4 July 2017","format":false,"excerpt":"Eni and EGPC JV Belayim Petroleum Company (Petrobel) awarded ADES International Holding the contract for a three-month drilling campaign in an offshore concession in Egypt, Alliance News reports. Petrobel also agreed to renew ADES\u2019 existing contract for an offshore jack-up drill rig for another six months, with the possibility of\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634368,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/14\/ades-extends-three-major-rig-contracts-in-the-gulf-of-suez\/","url_meta":{"origin":637538,"position":1},"title":"ADES extends three major rig contracts in the Gulf of Suez","author":"enterpriseam admin","date":"14 January 2018","format":false,"excerpt":"LSE-listed ADES International Holding announced successfully extending rig contracts in the Gulf of Suez area. ADES extended two existing contracts for Admarine II, Admarine IV and renewed its lease for Admarine VI. BP\u2019s joint venture GUPCO extended its existing contract for ADES' Admarine II jack-up barge and jack-up rig Admarine\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601773,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/ades-holding-vantage-sign-egypt-drilling-service-contract-with-dana-gas\/","url_meta":{"origin":637538,"position":2},"title":"ADES Holding, Vantage sign Egypt drilling service contract with Dana Gas","author":"enterpriseam admin","date":"10 March 2019","format":false,"excerpt":"Dana Gas has signed an exploration agreement with ADES International Holding and Vantage Drilling International JV, ADVantage, to perform deep water drilling services for one well in the Mediterranean Sea, Offshore Magazine reports.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599332,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/ades-international-signs-two-year-contract-in-egypt\/","url_meta":{"origin":637538,"position":3},"title":"Ades International signs two-year contract in Egypt","author":"enterpriseam admin","date":"25 June 2019","format":false,"excerpt":"Oil and gas company Ades International has secured a new two-year contract with an unnamed Egyptian energy company for its Admarine IV jackup rig in Egypt, Morning Star reports. The contract is an initial one-year term, with a one-year extension option.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593875,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/ades-wins-second-deepwater-drilling-contract-in-egypt\/","url_meta":{"origin":637538,"position":4},"title":"ADES wins second deepwater drilling contract in Egypt","author":"enterpriseam admin","date":"13 October 2019","format":false,"excerpt":"ADES SAE has signed a second deepwater drilling contract in Egypt\u2019s 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\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564930,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/","url_meta":{"origin":637538,"position":5},"title":"Saudi wealth fund to take top offshore outfit ADES International private","author":"enterpriseam admin","date":"8 March 2021","format":false,"excerpt":"Saudi Arabia\u2019s Public Investment Fund is looking to take leading regional oil and gas services company ADES International private. The USD 161 mn transaction would value the UAE-based rig player, which grew out of Egypt and remains the country\u2019s largest offshore oil and gas service provider, at some USD 516\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=637538"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637538\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637504"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637538"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637538"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}