We entered into a partnership with the largest oil and gas producer in South Eastern Europe, OMV PETROM, for oil & gas drilling projects. Two of our rigs successfully completed in the past 2 long-term contracts showing a significant contribution to the Romanian oil production. A new long-term contract was recently granted to our Company for 2 of our heavy rigs.
Camenoil participated at the international bidding process and a 4-year Master Drilling Contract was awarded by CHEVRON to our company for their Romanian, Bulgarian and Ukrainian shale gas drilling campaign.
We have a long and strong experience drilling for Romgaz, the largest natural gas producer and the main supplier in Romania, listed on the London Stock Exchange.
With a fleet of 4 units we managed to successfully fulfill the awarded projects.
A 3,100 meter well for geothermal water was drilled in Balotesti / Bucharest for Therme North. The beneficiary has developed the biggest thermal complex in Europe: a 30,000 sqm wellness, relaxation and entertainment center.
The first wells financed by Rompetrol / KazMunaiGas outside Kazakhstan were drilled by Camenoil, one of them reaching the depth of over 5.000 m.
