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ADES International Holding PLC

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Market:
LSE
Market Cap:
$508.68 m
Price
11.65 USD
Change
-1.27%
52 weeks high
15.00
52 weeks low
11.60

In brief

ADES Group is a leading oil & gas drilling and production services provider in the Middle East and Africa, offering offshore and onshore contract drilling, workover and offshore production services. Since its establishment in 2002, ADES has grown to become Egypt's largest offshore drilling operator by number of rigs, with a growing presence in the Kingdom of Saudi Arabia and Algeria and ongoing penetration into new MENA markets.

Deep dive We explore the investor case for growth companies

Snapshot

  • Middle East onshore and offshore drill rig contractor

  • Traditional skillset onshore and shallow water operations 

  • Two deepwater contracts picked up this year though Vantage JV