The contract will run for 37 weeks.
In mid-February 2024, Foraj Sonde Videle announced the signing of a $77.9 million contract with OMV Petrom (SNP.RO), for a six-year period. Foraj Sonde Videle is 87%-owned by businessman Sever Raicu and has a market value of nearly RON152 million. The company’s shares have lost 0.7% so far in 2024, amid deals worth RON913,700, as per stock market data. Foraj Sonde Videle ended 2023 with net profit of RON18.8 million, down 11.5% from 2022, and a turnover of RON140.3 million, down 9.3% vs 2022, in line with calculations by Ziarul Financiar (ZF) daily based on the company’s annual preliminary financial results published at the Bucharest Stock Exchange.
Companies
Foraj Sonde Videle Signs RON44.9M Contract With Romgaz
Oil drilling company Foraj Sonde Videle (FOJE.RO) on Monday (March 11) announced the signing of a contract worth RON44.9 million with Romanian state-run natural gas producer and supplier Romgaz (SNG.RO) – the natural gas storage branch Depogaz Ploiesti SRL-, as general contractor.