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ADES International Holding Ltd.

Company Summary

Description

London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa

Operational Regions

  • International

Financial Data:


Tickers:

  • ADES - London Stock Exchange Group

Recent news

  • 3/26/2019 - Weatherford Sells Two... (subscriber access)
  • 2/28/2019 - Weatherford Completes... (subscriber access)
  • 12/21/2017 - ADES Acquiring Three... (subscriber access)

Company Transactions

Date: 2/28/2019
Type: Acquisition

BUYERS:
  • ADES International Holding Ltd.
    • SELLERS:
  • Weatherford International Ltd.
    • DETAILS:

    COST: 60 $MM

    NOTES:
    Weatherford sold its land drilling operations in Algeria, which in total includes six drilling rigs, 350 employees and contractors and associated customer contracts to ADES International Holding PLC for $60 million in cash.
    REGIONS:
  • North Africa

    • Date: 12/3/2018
    Type: Acquisition

    BUYERS:
  • ADES International Holding Ltd.
    • SELLERS:
  • Weatherford International Ltd.
    • DETAILS:

    COST: 92.5 $MM

    VOLUMES: 11 Rigs

    NOTES:
    Weatherford completed the sale of its Precision Drilling Services Saudi Arabia land drilling operations, composed of 11 drilling rigs, 923 employees, and associated contracts to ADES International Holding Ltd. for $92.5 million.
    REGIONS:
  • Middle East

    • Date: 2/15/2018
    Type: Acquisition

    BUYERS:
  • ADES International Holding Ltd.
    • SELLERS:
  • Nabors Industries Ltd.
    • DETAILS:

    COST: 83 $MM

    NOTES:
    ADES International has entered into a purchase and sale agreement with Nabors to acquire three jack-up drilling rigs contracting in the Arabian Gulf
    REGIONS:
  • Middle East