EDC at a glance

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  • No.1

    largest Russia drilling company by metres drilled.

  • 684

    rigs deliver drilling, sidetracking and workover services both on and offshore.

  • 22K

    people, highly qualified and committed to delivering unmatched service quality to our customers.

  • $2.98

    billion, revenue for full year 2014.

   2014 Change(vs. 2013)
Revenue US $2.98 billion -14.5%
Net Income US $421 million -2.5%
EBITDA US $834 million -11.3%
EBITDA margin 28% + 1 pp
Metres drilled 5.669 million -9.5%
Horizontal metres drilled   1,285 thousand -1%

"We've had another successful year at EDC and I'm very pleased to report that we've managed to deliver again on our financial and operational targets.  Both our onshore and offshore business execution has been excellent and I'd like to thank all our employees for their hard work. The year 2014 was our tenth anniversary as an independent drilling company and was marked by significant changes in the market, while our team performed strongly by consistently focusing on our operational capabilities and improvements in efficiency. We are well positioned to continue to provide superior services and respond to our customers' needs, which is now even more important in the challenging low oil price environment."

 

Dr. Alexander Djaparidze

EDC's Chief Executive Officer

 

Results update

Results update

2014 Full Year results update.