Egyptian Minister of Petroleum and Mineral Resources, Engineer Karim Badawi, affirmed during the Egyptian Drilling Company's (EDC) general assembly meeting that the company has achieved significant successes in both Kuwait and Saudi Arabia, demonstrating its operational excellence through its advanced drilling fleet and skilled workforce.

Key Announcements:

• Regional Expansion: EDC will focus on strengthening its presence in Kuwait and Saudi Arabia while exploring new markets

• Competitive Advantages:

  • Regional leader in onshore/offshore oil & gas drilling

  • Strong domestic market position

  • Collaborative experience with international oil companies

  • Modern fleet of 69 land/offshore drilling rigs

  • Successful track record with Kuwait Oil Company and Saudi Aramco

• Performance Highlights (2024):

  • $406 million in revenue

  • 200 new wells drilled

  • 600 wells maintained/repaired

  • 2 new land rigs added to fleet

  • Safety performance exceeding global standards

Strategic Priorities:

1. Asset Optimization: Maximizing utilization of drilling assets

2. Human Capital Development: Enhancing workforce training programs

3. Safety Standards: Maintaining world-class safety performance

4. Production Growth: Supporting Egypt's domestic production increase

Workforce & Operations:

• 6,000 employees (workers, technicians, engineers)

• Current operations in Egypt, Kuwait, and Saudi Arabia

• Utilizes latest drilling technologies

Minister Badawi stated:
"EDC's regional achievements confirm our capabilities in the highly specialized drilling sector. We will continue supporting their expansion while maintaining our commitment to safety and workforce development."

EDC Chairman Osama Kamel added:
"Our 2024 performance demonstrates EDC's ability to execute complex projects while maintaining exceptional safety standards that surpass global averages."