Strategy

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Our objective is to enhance EDC's position as the leading provider of drilling and workover services to the oil & gas industry in Russia and the CIS.

Our key strategic focus:

Increase our market share through both organic growth and accretive acquisitions

  • Continue to invest in fleet expansion and upgrades
  • Acquire in-house and/or independent drilling contractors where possible
  • Leverage capacity and efficiency leadership to gain market share with existing customers

Diversify our customer base

  • Target acquisition of businesses with diverse customer portfolios
  • Differentiate ourselves from our competitors through superior service delivery
  • Evaluate other strategic opportunities outside of Russia and the CIS

Expand our offshore drilling capability

  • Commission new offshore drilling assets in response to market developments
  • Consolidate the market through acquisition of existing assets where possible
  • Develop offshore ERD drilling capability

Develop & improve our workover capacity

  • Conclude integration of recently acquired workover assets within existing structure
  • Target selected acquisitions of additional workover and sidetracking capacity

Broaden our technology platform

  • Develop and promote strategic partnerships with global technology leaders
  • Extend our lead in horizontal and underbalance drilling
Industry leader

Industry leader

Learn more about why EDC is an industry leader.