About
Our Company
Who We Are
EDC is one of the leading drilling contractors in Egypt and the MENA region; established in 1976 in partnership with Maersk Drilling, EDC is now 100% owned by Egyptian General Petroleum Corporation (EGPC) and other shareholders from the Egyptian petroleum sector. EDC owns and operates over 70 rigs, including six jack-ups, two offshore platform Rigs, and the rest being on shore Rigs with a variety of drilling, work-over and pulling units. The company currently employs over 5000 employees between the head offices in Cairo, Saudi Arabia and in field employees. Our three priorities during our years in the oil and gas drilling industry are; Our Employees, Our Rigs & Equipment, and Serving our Clients.
Our ambition is to provide first class drilling service to our clients and in order to accomplish this we provide the best-trained and most competent people to do the job effectively & efficiently.
Safety being a priority in EDC, our company applies comprehensive Safety Management Systems in order to assist our employees in running an incident free operation.
We continuously work on maintaining and constantly developing our tools and systems to eliminate any risk involved in our operations and we do not accept to undertake any operation that involves risk to our people and / or equipment.
Our number one commercial priority is to maintain our domestic market position and provide international standard services to our domestic clients at profitable rates in addition to exploring new markets and expanding our current markets outside Egypt.
EDC History
August 1976
EDC was formed as a joint stock between the Egyptian General Petroleum Corporation (EGPC) and the A.P.Moller - Maersk Group of Denmark. EGPC and A.P.Moller - Maersk have acted, since the company's inception, as equal partners in ownership. EGPC is Egypt's national petroleum corporation, overseeing exploration, production, refining, marketing and distribution of oil & gas within the country. A.P.Moller - Maersk is Denmark's largest corporation, with activities in shipping, air transport, industrial goods and services, oil and gas exploration and production.
November 1976
EDC began operations by acquiring an onshore drilling rig and securing a contract for drilling in Egypt's Eastern Desert. EDC's objective at the time was to secure a leading position in the domestic drilling market A major milestone was reached in 1980 when the company contracted the construction of two 250 feet water depth jack-up drilling rigs. By the mid 1980's the company, being well established in the domestic market both onshore and offshore, now pursued a more aggressive expansion strategy by acquiring a number of onshore drilling rigs.
October 1991
With the growing fleet, EDC recognized the need for improved management systems. Safety, reporting systems, personnel training, and maintenance systems became a priority. In 1991, while remaining focused on growth and expansion, EDC decided it was time to venture into the International Market. The first step towards the new goal was reached by establishing a drilling operation in Syria. Today EDC has operated in Libya, Gabon and continues to operate in Saudi Arabia, employing around 5000 employees.
December 2017
The Egyptian General Petroleum Corporation (EGPC) acquired A.P.Moller Maersk Group shares in EDC making EGPC and other shareholders from the petroleum sector 100% owners of Egyptian Drilling Company.
Our Vision
To offer first class drilling services for our clients.
Our Mission
We aim to provide: Continuous return to the shareholders. First class drilling services to the industry.
Long term and equal opportunities to the employees.
A safe and healthy workplace.
A good corporate citizen for our community
our Strategy
EDC strategy is to maintain a strong presence in the domestic onshore drilling and workover market as well as providing optimum offshore service.
Our expansion in the international market shall be directed at the bigger markets with long term potential, both on-shore and off-shore. Our financial strength shall be used to secure expansion opportunities in the onshore drilling international markets that can provide long term opportunities with higher return on investments.
Our main business areas being, offshore and onshore, drilling and workover services shall remain our focus areas.
Other services shall only be undertaken for the reason of supporting our core business.