Strategy

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Our objective is to strengthen 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 areas:

Preserve our market share through meeting the challenges in the volatile markets

  • Continue to invest in fleet expansion and upgrades
  • Acquire in-house and/or independent drilling contractors where possible
  • Leverage efficiency and flexibility to adapt to the customers' requirements

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

Retain ourleader position in the Caspian offshore drilling market

  • Maintain offshore drilling assets for quick response to market developments
  • Consolidate the market through acquisition of assets where possible

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.