By comparison, the company has a market capitalization of RON232 million.
The contract targets the execution of provisional preparatory works, drilling works and production testing at Romgaz’s exploration wells, the report reads.
The partnership is part of Romgaz’s strategy to invest over RON1.3 billion from its own sources in drilling new deep wells. The most important onshore project targeted is the Caragele gas field, announced by Romgaz in 2016, which is one of Romania’s largest onshore natural gas discoveries in over 30 years, located in the counties of Buzau and Braila (RG06 block).
Foraj Sonde Craiova – held by brothers Marius and Emil Cristescu – has already conducted works at the Damianca 55 exploration well, contributing to the exploration of hydrocarbon resources.
Foraj Sonde Craiova ended the first six months of 2025 with a turnover of RON39.3 million and net profit of RON628,000, compared to losses of RON1.9 million in the same period of 2024.
FOSB shares have traded 37% lower over the last year, amid deals worth RON151,000.