Showing posts with label Offshore Deepwater Expertise. Show all posts
Showing posts with label Offshore Deepwater Expertise. Show all posts

Monday, September 24, 2018

Egypt's Enppi, UK's Wood Group sign partnership deal on gas exploration, production - AHRAM ONLINE

Monday 24 Sep 2018

Egypt’s state oil company Engineering for Petroleum and Process Industries (ENPPI) signed a deal on Monday with the UK’s Wood Group for a technical and engineering partnership on natural gas exploration and production through deepwater drilling.

In an official statement, Egypt’s petroleum ministry said the inking of the agreement was witnessed by Minister of Petroleum Tarek El-Molla, UK’s Ambassador to Egypt Sir Geoffrey Adams, and UK trade envoy Sir Jeffrey Donaldson.

It was signed by the Chairman of Enppi Alaa Hejazi and his counterpart at Wood, Colin McKinnon.

El-Molla said following the signing that the agreement aims to transfer technology and necessary experience between both sides to undergo the needed engineering work for natural gas exploration and drilling in the deep ocean, as Egypt continues to move forward with executing mega projects for the development and production of natural gas from the Mediterranean.

Wednesday, November 15, 2017

ADES, Vantage Drilling form JV to provide deepwater drilling services in Egypt - WORLD OIL


11/15/2017

LONDON and DUBAI -- ADES International Holding Ltd., the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has announced that its subsidiary ADES S.A.E has entered into a long-term joint venture (JV) agreement with a subsidiary of Vantage Drilling International (Vantage).

The new JV company will leverage Vantage’s world-class offshore deepwater drilling experience and ADES International’s leadership position within the Egyptian offshore drilling market to provide deepwater drilling services in Egypt’s Mediterranean basin.

The agreement will enable ADES to generate additional revenue without incurring the significant capital expenditure associated with deepwater drilling. As part of the JV, Vantage will gain access to the attractive Mediterranean basin, optimize access to local workforces and service providers and increase the marketability of its ultra-deepwater fleet.