The Egyptian Drilling Company (EDC) owns 74% of the offshore and onshore drilling market in Egypt, alongside performing 35% of well-repair activities, stated Salah Abdel Kerim, EDC’s head, according to Amwal Al Ghad.
The company was able to optimize the operations of its drilling equipment and expand the company’s client base, Abdel Kerim said during the EDC’s general assembly.
The company owns 40 drilling rigs, including 6 rigs operating in Saudi Arabia, as well as 4 offshore drilling equipment operating in Saudi Arabia, Bahrain and Egypt.
Abdel Kerim explained that the company operates 3 marine vessels on behalf of the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS). EDC also owns 24 wells-repairing equipment operating inside Egypt.
The company is currently implementing a strategy to increase its drilling operations in other Arab countries, and the company may obtain contracts for drilling in countries such as Iraq, Kuwait and Oman, Abdel Kerim said.