The contract has a value of $77.9 million and a duration of six years. The object of the contract is “onshore drilling services with a static hook load of at least 15 metric tons for drilling rigs.”
Foraj Sonde Videle is 87% owned by businessman Sever Raicu and has a market value of about RON70 million (about $12 million). The Teleorman County-based company’s shares have gained 10% in the past year, amid a traded volume of RON1.2 million.
(English version by Loredana Fratila-Cristescu)