The works started at the end of June and are due for completion in approximately four months, Condmag said in a statement.
Dafora (DAFR.RO) controls 45.82% of Condmag shares, while Dutch fund OGBB A Van Herk holds a 10.63% stake. Earlier this week, Dafora announced it would provide drilling services to Petrom under a EUR23 million deal.
Thursday, Condmag’s shares closed down 0.07% at RON0.2828 in Bucharest. (EUR1=RON4.2778)