ADES gets Gulf of Suez drilling assignment

May 10, 2024
Suez Oil Co. has awarded ADES Holding Co. a 21-month drilling contract in the Gulf of Suez, which should start in the next few weeks.

Offshore staff

AL-KHOBAR, Saudi Arabia — Suez Oil Co. has awarded ADES Holding Co. a 21-month drilling contract in the Gulf of Suez, which should start in the next few weeks.

ADES will allocate a standard jackup unit from its fleet. The estimated value of the contract is about SAR161 million ($43 million).

05.10.2024

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