{"id":644826,"date":"2017-07-04T04:03:13","date_gmt":"2017-07-04T04:03:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/ades-international-holding-awarded-drilling-contracts-in-egypt\/"},"modified":"2017-07-04T04:03:13","modified_gmt":"2017-07-04T04:03:13","slug":"ades-international-holding-awarded-drilling-contracts-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/ades-international-holding-awarded-drilling-contracts-in-egypt\/","title":{"rendered":"ADES International Holding awarded drilling contracts in Egypt"},"content":{"rendered":"

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<\/a>. Petrobel also agreed to renew ADES\u2019 existing contract for an offshore jack-up drill rig for another six months, with the possibility of extending for another term. ADES also reached a farm-in agreement with Fanar Petroleum Company to perform hydraulic fracturing at its North July well in the Gulf of Suez to boost production levels, according to Offshore Magazine<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 extending for another term. ADES […]<\/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-644826","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"a3dc7673-93b3-40f6-9ae2-e01c7dd5adc0","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[644796],"teaser":"","voice_url":""},"yoast_head":"\nADES International Holding awarded drilling contracts in Egypt - 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\/07\/04\/ades-international-holding-awarded-drilling-contracts-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADES International Holding awarded drilling contracts in Egypt\" \/>\n<meta property=\"og:description\" content=\"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 extending for another term. 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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\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":644826,"position":1},"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":593875,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/ades-wins-second-deepwater-drilling-contract-in-egypt\/","url_meta":{"origin":644826,"position":2},"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":611940,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/14\/ades-holding-handed-10-year-contract-to-operate-suez-brownfields-plus-beltone-mortgage-majid-al-futtaim-sky-investments-egbank\/","url_meta":{"origin":644826,"position":3},"title":"ADES Holding handed 10-year contract to operate Suez brownfields. PLUS: Beltone Mortgage, Majid Al Futtaim, Sky Investments, EGBank","author":"enterpriseam admin","date":"14 December 2023","format":false,"excerpt":"ADES LANDS SUEZ BROWNFIELDS- A consortium led by the Saudi Public Investment Fund (PIF)-backed ADES Holding was awarded a 10-year contract to operate and ramp up oil production at maturing fields operate by Suez Oil Company and Offshore Shukeir Oil Company. The contract, awarded by the Egyptian General Petroleum Corporation,\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/975.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":617833,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/28\/juhayna-slashes-prices-by-15-18\/","url_meta":{"origin":644826,"position":4},"title":"Juhayna slashes prices by 15-18%","author":"enterpriseam admin","date":"28 March 2024","format":false,"excerpt":"The move came after the gov\u2019t agreed with suppliers and retailers to cut prices by 15-20% this week","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2531.jpg?fit=%2C&ssl=1&resize=350%2C200","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":644826,"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\/644826","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=644826"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644826\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/644796"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=644826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=644826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=644826"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=644826"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=644826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}