ADES

Background

ADES International Holding PLC provides onshore and offshore drilling rig services, workover services, and accommodation camp services with assets in Egypt, Algeria, Saudi Arabia, Kuwait, and the United Arab Emirates. Operations are organized into four business units: Offshore Drilling & Workover, Onshore Drilling & Workover, Mobile Offshore Production Units, and Jack-Up Barge & Projects. Common shares are listed on the LSE (ADES) exchange.

Advanced Energy Systems (ADES) was established in 2002. The company acquired three jackup rigs from Hercules in 2016, another three jackup rigs from Nabors in 2018, and 23 land rigs from Weatherford in 2019. In March 2021, PIF made an offer to acquire ADES and relocate its headquarters from Dubai to Riyadh.

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Well Construction

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