We speak with Egyptian Drilling Company ’ s new CEO , Jeppe Jensen , regarding the company ’ s exciting new ventures and investments within employee safety
Obtaining a balance sheet which currently sits above $ 1 billion , Egyptian Drilling Company ( EDC ) has come a long way since its establishment back in the 1970s . Employing around 4700 employees , EDC is one of the largest drilling contractors in Egypt , Africa and the Middle East , harboring 71 onshore and offshore units , expanding into Libya , Qatar , West Africa and Gabon . For 20 years , the company has built a setup in Saudi Arabia that has grown exponentially - so much so that its operations in the region are close in revenue to half of EDC ’ s main business operations . “ We ’ re covering the Egyptian market with almost 65 percent , so that ’ s our market share ,” explains Jeppe Jensen , CEO of EDC . “ So , quite a solid position , and a very interesting business to be part of .”
Joining the company this year , Jensen explains that developing strong partnerships with stakeholders , alongside National and International Oil Companies remains a key priority . This is on top of undertaking internal governance as a result of sitting in a public-private partnership , so shareholder interests need to be a heavy focus . “ It is also about having a finger on the pulse and seeing what is happening in such a competitive market ,” explains Jensen . “ My role involves talking to our team , visiting our rigs and seeing what is going on the ground and getting inspiration from our people , in addition to meeting with our customers and understanding the temperature of the market .”
Stakeholder engagement Delivering a long-term , sustainable business model ,
82 August 2017