ADES has temporarily suspended operations on several offshore rigs in the Gulf Cooperation Council as regional tensions continue, with safety concerns driving the decision.
The company said the disruption is expected to be short-term. It added that protecting personnel and assets remains its top priority as it coordinates with clients and relevant stakeholders, follows the situation closely, and keeps operations ready for a restart when conditions allow.
Chief executive Mohamed Farouk said the company’s response is centered on safety while its wider operating base supports confidence in the business outlook. He said ADES is positioned to manage the current disruption through its broad asset base, geographic spread and more diversified earnings profile.
According to the company, the platform includes 123 rigs working across 20 countries. ADES said this scale and international reach help limit the impact of temporary interruptions in one region.
Farouk also said the driller has shown resilience in earlier market cycles and remains confident it can handle the present environment with discipline.
