BORAIS Petroleum Investment Co. started in 1984 involving in the co-­ordination of directional well planning, surveying and directional services for Gulf of Suez Petroleum Company (GUPCO)

In 1987 Borais became one of the vendors on the approved list of Egyptian General Petroleum Corporation (EGPC) as a directional drilling services company.

In 1988 Borais started career development plan for the Egyptian post-graduate Engineers by training them to be Directional Drillers in order to comply with company long term growth.

In 1989 Borais started to work on slot recovery and invented the Deflecting Conductor Sleeve "DCS” tool which has been proven a valuable system for the economical salvaging of previously used slots at the offshore platforms, avoiding costly delays due to weather and the assistance of divers. Up to date Borais has run several DCS tools in the Gulf of Suez for major joint venture oil companies with 100% success.

In 1989 Borais initiated a computer services group to develop a state of the art directional drilling program. Currently Borais is providing the customers with state of art recaps, current directional data and well plans.

In 1989 Borais and Computalog Canada signed a contract authorizing Computalog to provide Borais with Mud Motors, Surveying Equipment, and MWD. Computalog steerable Mud motors, directional drilling tools and survey equipment supplies were ceased in 2000 at the moment PRECISION purchased Computalog.

In 1991 Borais started a research and development department to develop and invent new tools trying to minimize drilling and production costs by developing / inventing new techniques / tools.

In 1992 Borais have designed and drilled first hook type well in Egypt.

In 1992 Borais created and developed the Borais Dynamic Surge Device (DSD). The Surge Device is a hydraulically operated sub normally installed below the production packer on the bottom of the single completion string. It is used as a blanking plug to set the Packer, test tubing and unload the well automatically under balance without any need to the risky wire line operations. Hence, it reduces time and cost. The "DSD" has been successfully run more than 800 times with considerable time and money savings.

In 1992 Borais created and developed Borais Lifting Platform (L.P) as hydraulically operated lift platform to provide additional storage area and to facilitate the movement of heavy equipment while working on the helideck. Borais Lifting Platform L.P is professionally used at most of Gulf of Suez platforms

In 1992 Borais created and developed the Borais Lifting Platform (Borais'LP) this hydraulically operated lift provides for the storage and movement of heavy equipment to and from a work position on the platform’s helideck, the Borais lifting Platform is currently in use and has surpassed it's expectations.

In 1992 Borais was approved as a special free zone company under the name of Borais Petroleum Investment Company, at the Free Zone area in Ras Gharib.

In 1993 Borais Petroleum Investment Company started to co-operate with Russian Turbo drilling Group and developed steerable turbines.

In 1995 GUPCO awarded BORAIS to drill the forth horizontal well within GUPCO operations. This was the first 8 ½” medium radius horizontal well in Egypt.

In 1997 Borais had performed turbo-drilling campaign in Abu Dhabi for ADMA-OPCO and drilled 2 horizontal wells to ZADCO. It was the first time to drill outside Egypt, therefore Borais considered it as step forword to extend its operations to cover the Middle East Area.

In 2002, Borais has extended its operations internationally by opening a new branch in Libya.

Up to date Borais have drilled more than 7,200,000 directional horizontal feet along Egypt and the Middle East Area.