AFRICA are heavy investments , but that ’ s done to maintain standards and be a competitive market player .” EDCs partnership with key international oil companies has led the company to house the best performing rig worldwide at one of its clients ’ global portfolio .
Internal training With a training centre built specifically for employee development , EDC has invested in sophisticated equipment , offering advanced drilling , safety and technical training to support staff . Although it is only used for internal purposes presently , Jensen adds that it has potential to provide training to external companies in the future .
Furthermore , EDC has acquired a state-of-the-art simulator , DS-5000 six years ago through a $ 500,000 investment . This has given the company the ability to train staff at any given time to work in the field through a safe training environment .
Regional challenges Whilst the oil market is competitive , EDC continues to thrive , with the ambition to retain its market share in Egypt . Its success has led the company to look at further opportunities throughout the whole MENA region , both onshore and offshore , and invest outside of Egypt . EDC is also looking at how to allocate its capital and maintain its position in the domestic market , giving priority to domestic clients in the process .
“ We are definitely looking at keeping our competitive edge in Saudi Arabia ,” Jensen says . “ We are also participating in bids for business in the Gulf , including Qatar and Kuwait .”
Providing an edge over competitors , EDC ’ s operational uptime has been continuously over 98 percent , while maintaining the highest safety standards of 0.21 LTIFR , which is 0.55 less than International Association of Drilling Contractors ( IADC ) averages , enabling the company to be a preferred choice for IOCs .
Jensen concludes : “ We apply very high safety standards , while maintaining high uptime , which is what IOCs are looking for . I think we deliver on our promises and that is our edge , and we have proven records of that .”
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