Bogdan Tudorache

Dafora Mediaș reports going back into black, with a net result for the first six months (H1) of 4.8 million lei, after last year it reported a net loss of 2.2 million lei. The company’s half-yearly report also shows an increase to 58.3 million lei in revenues, compared with 49.6 million lei in S1 2018 (+17%).

Dafora has a new reorganization plan. Meanwhile, the company is recovering, getting investments of 9 million euros, and the increase in turnover will be achieved by accessing international markets and ensuring at least 20% of revenues from contracts with international operators, businessman Gheorghe Călburean, the main shareholder of Dafora, told energynomics.ro.

“As regards the internal market, our main objective is to increase the turnover with traditional customers – SNGN ROMGAZ and OMV Petrom, as well as signing new contracts with foreign operators holding concessions in Romania. We have proposed a more active presence on the international market with real chances of accessing contracts with high profit margins. International target markets would be emerging markets such as India, Pakistan, Ukraine, Turkey, North Africa and markets within OPEC, respectively Saudi Arabia, Iraq, United Arab Emirates, Kuwait or Qatar.

We are in advanced discussions with a concession holder company in Tanzania. The signing of this new contract would mean the resumption of our company activity on the African continent, where we have done intense activity in the past, drilling 14 wells for internationally renowned operators in different countries such as Uganda, Tanzania, Sudan and Mozambique.

Last but not least, we aim to strengthen the leading position of the onshore drilling market in Israel by signing the fourth multi-year contract in this country with a new US operator.

Concluding the above, our medium and long term strategy is to increase the turnover by accessing international markets and ensuring at least 20% of the revenues from contracts with international operators, established in the oil and gas industry,” previously told Gheorghe Călburean.