Works began earlier this month and are due for completion in September, said Adrian Stanescu, general manager of Rompetrol Well Services.
Amsterdam-headquartered The Rompetrol Group is majority owner in Rompetrol Well Services, with a stake of 71.7% of the company’s shares.
Rompetrol Well Services reported a net profit of 3.2 million lei ($0.91 million) in the first quarter, slightly down on the year, on total sales of some RON20 million.
On the Bucharest bourse Thursday, Rompetrol Well Services closed down 3.77% at RON0.255 a share. ($1=RON3.495)