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Diversified Drilling & Industrial Equipment

DDIE Group Management

DDIE Group Management

Diversified Drilling & Industrial Equipment F.Z.E. is led by an experienced senior management team with a proven track record across finance, private equity, logistics and oilfield services.

Established in the UAE in 2005, DDIE has grown from a specialist pressure control equipment supplier into a full-service group encompassing equipment sales, rental, asset management and tubular running services through its subsidiary Diversified Erbil. The group is headquartered in the Jebel Ali Free Zone (JAFZA), Dubai, with operational facilities in Ras Al Khaimah and Erbil, Kurdistan.

Senior Management and Directors

Sean Ewing

Chairman and Director

MBA Qualified, Sean built up the listed Farlake Group Plc as Chairman and CEO (trading as Rowan & Co) and sold it to a UK listed Stockbroking and Advisory Firm in 1999, before establishing the UK's first fund Supermarket that became Egg Banking — a subsidiary of Prudential — which was later sold to Citigroup for GBP 575 million. In 2004 he established and was CEO and Chairman of a Global Hedge Fund group that was subsequently floated on the London Stock Market with a market value in excess of $1 billion. The group was voted European Hedge Fund Group of the Year in 2006 by the global publication Hedge Fund Review.

Investments and interests thereafter include forming and building as Chairman the Global Yachting Group (GYG), now listed on the London Stock Exchange through the acquisition of Pinmar and its subsequent acquisition of Rolling Stock, based in Majorca, Barcelona, Hamburg and Fort Lauderdale. A founding investor, past Chairman and current Director of Plus Medical, now trading as Salma Hospital, a paediatric-focused Critical Care hospital in Abu Dhabi. Sean is also an investor and adviser in Alcazar Capital (Dubai International Financial Centre) focusing on financial and healthcare opportunities. His family office has concluded numerous Private Equity investments, Management Buy-Outs and disposals across multiple industries over the last 30 years.

Charbel M. Abou-Jaoude

Director

Charbel M. Abou-Jaoude is the CEO of Alcazar Capital Limited, a regulated Private Equity firm based in the Dubai International Financial Centre. Alcazar focuses on investment across multiple sectors in frontier and emerging markets, and has established a highly successful track record in managing sizeable companies across geographies.

Charbel has over 30 years of professional experience. Prior to Alcazar, he served as CEO of Agility Investments where he was in charge of M&A and investment transactions and the management of a $1 billion Industrial Real Estate Portfolio and the NAS Airport Ground Handling business. Before that, Charbel was Group COO / MD of Global Operations at Agility where he played a key role in building Agility's operating capabilities in the Middle East and led its global growth and transformation. Prior to that he served in various management and executive roles in the USA, specifically at ABB and EXE Technologies.

Andrea Tedeschi

Chief Executive Officer

Andrea joined Diversified Drilling as CFO in March 2015, leading the corporate restructuring process and managing the company's financial affairs, HR, IT and administration departments. Under his financial stewardship and strategic support of the Group's global growth plans, Diversified Drilling is well positioned to exploit the current growth in the upstream industry and continue to add value for all stakeholders.

With a multi-industry and consultancy background spanning Europe, the Middle East and North Africa, Andrea has worked across the oil and gas sector in increasingly senior financial roles since 2005, holding Financial Director and CFO positions since 2010. An Italian national, Andrea holds an Executive MBA with Corporate Finance specialisation from IE Business School (Madrid), a Master of Finance from Bocconi University (Milan), and is a CMA qualified accountant. He has served as company CEO since January 2023.

Group Structure

Diversified Drilling & Industrial Equipment F.Z.E. (DDIE)

Parent Company

Jebel Ali Free Zone (JAFZA), Dubai, UAE

DDIE is the group's primary operating entity, responsible for equipment sales, BOP rental, asset management, and trading and procurement activities across the Middle East and Asia Pacific.

Diversified Erbil

Wholly Owned Subsidiary

Erbil, Kurdistan — Northern Iraq

Diversified Erbil delivers Casing and Tubing Running Services (TRS) and associated equipment including CRTi tools and hydraulic cat-walk systems. Originally established in 1986 in South America, Diversified Erbil moved to the Middle East in 2009 and opened its Erbil facility in 2011.

Management Principles

  • Safety First

    All operations are conducted in accordance with OHSAS 18001 and IADC standards. Safety is non-negotiable at every level of the organisation.

  • Quality Assurance

    ISO 9001 certified processes govern equipment handling, inspection, repair and commercialisation activities across all DDIE facilities.

  • Environmental Responsibility

    ISO 14001 certification underpins our commitment to minimising environmental impact across our UAE and Iraq operations.

  • Customer Focus

    Our experienced sales and technical teams maintain close relationships with major oil companies and drilling operators in the Middle East and globally.

BOP fleet expansion - API 4th Edition

DDIE is continuing its relentless effort to provide top-tier OEM BOP equipment...

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ADIPEC 2023 Diversified Drilling

Diversified Drilling @ ADIPEC. As every year a delegation from DDIE attended...

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Diversified Erbil - new developments in Kurdistan

In Q2 and Q3 2023 Diversified Erbil – DDIE has been upgrading its facilities...

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Growing demand for OEM API 16 4th Edition BOPs

The demand for OEM 4th edition BOPs and rams is growing...

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Elastomers and spares in tight supply in the current pressure control market

Diversified Drilling is increasing its inventory of elastomers...

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DDIE invests in new API 16A 4th edition BOP

Following its long-term mission of having top-tier equipment...

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