Through the operations carried out in 2023, the company managed to register a positive operating result of around RON10.8 million, respectively a positive net result of RON11.8 million. Operating expenses grew to RON62.7 million in 2023, from from RON53.8 million in 2022.
“Despite the current market context, characterized by increased volatility in the profile segment, the company managed to maintain both its leading position in the field and recorded positive financial results, with increases in the main indicators. In 2023, the upstream market continued to see low investment and work levels from customers. Purchase prices for the goods and services contracted by the company, for the performance of current activities, continued their upward trend, and delivery times recorded fluctuations, as a result of the regional context”, the report reads.
During the past year, Rompetrol Well Services performed 95 primary cementing operations, 319 secondary cementing operations and 389 stimulation operations, recording an increasing total number of works compared to the one registered in the previous year. Thus, the volume of operations performed for the company’s clients increased by 18% compared to the level of 2022.
During 2023, RWS won, following participation in a public tender, a contract for cementing services at natural gas wells for SNGN Romgaz, with an estimated value of approximately 32.5 million RON and a contract duration of 2 years. The company also started working with a client in Denmark, providing activities specific to the cementing of geothermal wells.
PTR shares have gained 11.5% in the past year, triggering liquidity of RON4.8 million during this period.