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EDC eyes further Gulf expansion
Aya Anwar Published in Amwal Al Ghad on 19 - 05 - 2025


ChatGPT said:
Egyptian Drilling Company (EDC) is pushing to expand in Gulf markets after strong performance in Saudi Arabia and Kuwait, Minister of Petroleum Karim Badawi said during the company's general assembly.
EDC generated $406 million in revenues in 2024, operating 69 rigs and employing 6,000 workers across Egypt, Saudi Arabia, and Kuwait. That year, it drilled nearly 200 wells, maintained over 600, and added two advanced onshore rigs. The company also reported zero lost-time injuries, with safety standards exceeding global averages.
Chairman Osama Kamel said EDC aims to expand further in Saudi Arabia and Kuwait and enter new markets including India, the UAE, Qatar, Oman, and Brazil. Ten rigs are currently active in Saudi Arabia, with performance awards received from Saudi Aramco and Kuwait Oil Company.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama

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