“GSP will post consolidated revenue of about $165 million and EBITDA of about $30 million in the first half,” says Radu Petrescu, communications manager of Upetrom Group, a structure that includes all the businesses of Comanescu. He did not say how the results were compared with the same time of last year.
GSP posted $291 million revenue and $13.2 million net profit last year, the company announced a while ago. The figures are GSP’s consolidated results for Romania and its foreign markets.
GSP has seven offshore rigs and several vessels that allowed it to expand into offshore construction.
“Three offshore drilling rigs are operating in the Gulf of Mexico for Pemex: GSP Fortuna, GSP Atlas and GSP Orizont,” Radu Petrescu says.
GSP signed a contract with Pemex in mid 2011 and sent two offshore rigs to work for the state-owned Mexican oil company at the time.
“Our goal is to consolidate our presence in the Gulf of Mexico, where, after increasing the number of offshore drilling rigs, our company intends to sign contracts for offshore construction and deployment of underwater pipelines,” the GSP official added.
Another two GSP rigs, GSP Jupiter and GSP Prometeu are now drilling in the east of the Mediterranean Sea and in the Istranca block in the Black Sea for Turkish oil company TPAO.
“GSP Uranus is doing offshore drilling for OMV Petrom on the Romanian continental plateau of the Black Sea. The news is that GSP Saturn has already reached its drilling site in the Pechora Sea (south of the Barents Sea). It will conduct drilling operations for Gazprom Neft,” Radu Petrescu said.
GSP signed the $100 million contract with Gazprom Neft at the beginning of last year. It is its second deal with Russia’s Gazprom, according to available information.
(English version by Loredana Fratila-Cristescu)