“We were in a coma in 2016 and 2017,” says Gabriel Comanecu, one of the most famous local entrepreneurs.
Owner of the only offshore drilling business in the country, he went from extasy to agony in the past few years, with hundreds of people leaving his company.
The new drilling projects in the Black Sea, as well as a change of strategy seem to be breathing new life into Comanescu’s business, who says he stands chances of ending the year with $300 million revenue.
“We changed the concept. We moved from individual contracts to full contracts that include both offshore drilling and construction. In the future we will focus on such work in shallow and medium depth waters. We won’t go any further than that, we know our place,” the businessman who owns seven offshore rigs, explains.
One of the contracts to begin soon includes drilling a new well for the consortium comprising Russia’s Lukoil and Romgaz and the Trident block of the Black Sea.
(English version by Loredana Fratila-Cristescu)