Investment Case

ADES’ business model is based on leveraging the Group’s lean cost structure, its highly-skilled workforce of more than 2,500 personnel and its customer-centric approach to create real value for its clients. As a service company, the Group’s business revolves around providing tailored solutions and superior service to its clients, characterised by its commitment to global industry standards and ever-expanding services and solutions. The Group specialises in acquiring, reconditioning, deploying and operating legacy “fit for purpose” onshore and offshore assets at competitive rates, which, combined with its highly skilled, low-cost, largely Egyptian workforce, allows the company to deliver work with lower capital and operating expenditures than many of its industry peers and competitors, in-turn facilitating growth through market downturns.

High Quality Clientele Base

ENI, BP, KOC and Saudi Aramco

Pre-qualifications

Algeria, Iraq, KSA, Kuwait, Bahrain, UAE, Egypt, India, Mexico, Gulf of Guinea and Ghana

2,500

Workforce

In-house Refurbishment

of acquired assets with own technical and engineering teams

High Average Utilization Rates

with a six-year average of more than 90%

Focus on Shallow Water

and Non-Harsh Environments

Strong Management Team

with decades of experience under their belt

Our Assets

ADES Group currently operates a fleet of 14 jack-up offshore drilling rigs, 15 onshore drilling rigs, a jack-up barge, and a mobile offshore production unit (“MOPU”), which includes a floating storage and offloading unit.

15

Onshore Drilling Rigs

14

Offshore Drilling Rigs

1

Mobile Offshore Production Unit (MOPU)

1

Jack-up Barge