EDC | Egypt Oil & Gas

Petroleum Sector Acquires Toyota’s EDC Shares

The Egyptian Drilling Company (EDC) disclosed, during its general assembly meeting, that that the petroleum sector has acquired 50% of the company which was owned by Japanese Toyota company.

El Molla Issues New Promotions

The Minister of Petroleum and Mineral Resources Tarek El Molla, issued new appointments at the national oil companies (NOCs).

EDC’s Onshore Market share Increases 80% in 2020

The Egyptian Drilling Company (EDC) has announced that it managed to increase it market share within the onshore drilling market by 80% during 2020 despite the challenges of the pandemic compared to 60% in 2019.

EDC Becomes 100% Egyptian

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.

Several MoUs Signed During EGYPS 2019

Minister of Petroleum Tarek El Molla witnessed the signing of multiple MoUs on the sidelines of the EGYPS 2019.

EDC Hosts Ministry of Petroleum’s Annual Safety Day

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, an ...

EDC Acquires 74% of Drilling Work in Egypt

The Egyptian Drilling Company (EDC) owns 74% of the offshore and onshore drilling market in Egypt, alongside performing 35% of well-repair activities.

EGPC to Acquire Maersk’s Stake in EDC

The Egyptian General Petroleum Corporation (EGPC) will purchase Maersk Drilling Company's 50% stake in the Egyptian Drilling Company (EDC) for $100 million.

Head of EDC: Company Balance Sheet Sits over $1 B

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

The Russian Direct Investment Fund (RDIF) would welcome Saudi investments in Russia's largest oilfield services company Eurasia Drilling.

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