National Drilling Co.
EEGX:NDRL4.69
USD
0.00
(0.00%)
National Drilling Co.
EGX:NDRL
(Egyptian Exchange)
Recent
price
4.69
P/E
ratio
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div
yld
- -
ROIC.AI
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- Business
- National Drilling Company is an Egyptian oilfield services provider that specializes in onshore contract drilling, workover, and well maintenance services for the upstream oil and gas industry. Founded in 1981 and headquartered in Cairo, Egypt, the company operates across key onshore hydrocarbon basins in Egypt and the wider Middle East and North Africa region. The company provides a comprehensive portfolio of oilfield solutions that includes onshore land drilling operations utilizing a fleet of rigs ranging from 750 HP to 2,000 HP capacity; well workover, completion, deepening, and recompletion services; oil and gas well servicing, maintenance, and rehabilitation; rig mobilization, site preparation, and logistics support; well engineering and technical field services; and maintenance, repair, and overhaul of drilling assets, power generation systems, drawworks, top drives, and mud pumping systems. National Drilling Company serves national oil companies, international exploration and production firms, and joint-venture operating entities. In major corporate developments, Verto Holding acquired a 90% majority controlling stake in National Drilling Company for approximately $21.1 million following the complete divestment and exit of Kuwait-based Senergy Holding. Under its updated ownership structure, the company has executed fleet modernization and operational optimization programs to expand active rig deployment and fulfill long-term drilling and workover contracts across its concession areas, driving substantial revenue and profitability growth.