Vantage Drilling is teaming up with ADES International Holding to target the deepwater drilling market off Egypt.
Dubai-based ADES said the tie-up would leverage Vantage’s deepwater drilling experience with its own regional expertise to provide 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,” the Dubai-based rig owner said.
