Rig strategy

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EDC's rig fleet is core to our business. The decisions we make on technology and investment are key to our success.

Our rig strategy is based on:

  • alignment with our growth strategy
  • a long term approach informed by our senior team's considerable experience
  • a deep understanding of the Russian market and our clients' future needs
  • our growth in land drilling, sidetracking, workover and offshore activities
  • our technical expertise and world class project management capabilities
  • our ability to outsource rig fabrication using best-in-class partners
  • identifying and executing accretive acquisition opportunities
  • financing through operating cash flows and minimal credit lines 

Rig Fleet Upgrade Plan:

We launched a 5 year rig upgrade plan in 2012 designed to maintain our fleet as one of the youngest, versatile & efficient in the markets where we work. 

Operations

Operations

Learn more about EDC operations.