Source - SMW
ADES International's subsidiary ADES SAE has entered into a long-term joint venture agreement with a subsidiary of Vantage Drilling International. 

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.  

At 9:22am: (LON:ADES) ADES International Holding Ltd  share price was 0p at 14.89p