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Browsing: ADES

ADES intends to drill 6 oil wells in Gulf of Suez within H2 2024

1 Min ReadApril 1, 2024

The Saudi drilling services provider ADES Holding Company is planning to complete the drilling of six production wells within the second half (H2) of 2024 at an oilfield affiliated to Egypt’s General Petroleum Company (GPC) in the Gulf of Suez’s Ras Ghareb region, an official told Al Arabiya Business.

Saudi ADES inks $66m deal to ramp up production in Egyptian oil fields

2 Mins ReadMarch 27, 2024

RIYADH: The production of Egyptian oil fields is poised to surge following a $66 million investment deal between Saudi drilling firm ADES and the subsidaries of the country’s petroleum corporation.

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