EDC
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EDC Becomes 100% Egyptian
Tuesday, 2nd April 2019
EDC expanded its scope of work, currently owning 40 onshore drilling rigs, four offshore rigs, 21 wells maintenance rigs, two lifting units, and one offshore device.
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Several MoUs Signed During EGYPS 2019
Tuesday, 12th February 2019
Minister of Petroleum Tarek El Molla witnessed the signing of multiple MoUs on the sidelines of the EGYPS 2019.
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EDC Hosts Ministry of Petroleum’s Annual Safety Day
Thursday, 6th December 2018
The Ministry of Petroleum's Annual Safety Day 2018, held on December 6 at the Egyptian Drilling Company's (EDC) headquarters in Cairo, brought together oil and gas leaders to discuss safety culture, leadership, and best practices.
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EDC Acquires 74% of Drilling Work in Egypt
Sunday, 1st April 2018
The Egyptian Drilling Company (EDC) owns 74% of the offshore and onshore drilling market in Egypt, alongside performing 35% of well-repair activities.
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EGPC to Acquire Maersk’s Stake in EDC
Wednesday, 20th December 2017
The Egyptian General Petroleum Corporation (EGPC) will purchase Maersk Drilling Company's 50% stake in the Egyptian Drilling Company (EDC) for $100 million.
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Head of EDC: Company Balance Sheet Sits over $1 B
Sunday, 30th July 2017
The Egyptian Drilling Company (EDC) possesses a positive balance sheet of over $1 billion, according to the company’s CEO. -
Russia to Welcome Saudi Investment in Oil Driller Eurasia
Monday, 5th June 2017
The Russian Direct Investment Fund (RDIF) would welcome Saudi investments in Russia's largest oilfield services company Eurasia Drilling. -
El Molla Chaired EDC’s General Assembly
Wednesday, 19th April 2017
Tarek El Molla headed the general assembly of the Egyptian Drilling Company (EDC) to review 2016 results. -
ExxonMobil Egypt renews its contract with the Egyptian Drilling Company for additional five-years
Wednesday, 9th January 2013
ExxonMobil Egypt, the leader in blending and marketing of high technology industrial lubricants, renewed its cooperation with the Egyptian Drilling Company (EDC),known to be the leading drilling company in the Middle East, for additional five years.
Latest News
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El Molla Showcases Ramallah Visit Results Before Cabinet
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Wintershall Dea Records High production level of 650,000 boe/d in Q4 2020
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Hungary Considers Importing Natural Gas from Egypt
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Egypt, Palestine to Develop Gaza Gas Field
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 63.71 | +0.78% |
Crude Oil (Brent) Brent | USD/bbl | 67.62 | +0.87% |
NYMEX Natural Gas | USD/MMBtu | 2.85 | -0.87% |
OPEC Basket Price | USD/bbl | 63.73 | +2.79% |
Last Modified February 25, 2021