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14 Jan 2019 | 08:11

Ades extends Admarine II contract for one year

Oil & gas driller services provider Ades said Monday it took up the option to extend its existing contract for Admarine II for one year.

The one year contract extension of Admarine II, which is currently contracted and operating in the Gulf of Suez, would come into effect after expiring during January 2019, the company said.

'Egypt remains an important market for ADES and we are delighted to have once again proven the quality of our services as we continue working with this longstanding client,' said Dr. Mohamed Farouk, Chief Executive Officer of ADES International Holding. At 8:11am: (LON:ADES) ADES International Holding Ltd share price was 0p at 13.25p

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