“The Lupsa-SAT 1 exploration well is part of a EUR10 million project unfolded by oil company Rompetrol in the Zegujani perimeter, which stretches over a surface of 1,800 square kilometers,” Dafora said.
This is Dafora and Rompetrol’s second joint project, following the Feteasca Kaz 1 well started in 2012.
Lupsa-SAT 1 is projected to reach a depth of 4,250 meters.
Dafora operates in the drilling and constructions sectors. The company’s main shareholder is Gheorghe Calburean, with a 48.58% stake.
On the Bucharest bourse Monday, Dafora closed up 3.54% at RON0.038 a share.