Petrom, the largest oil producer in the country, will spend up to 200 million for drilling an old reservoir in the county of Galati that the company wants to redevelop to increase resource availability, according to ZF.

Petrom seeks a contractor to drill up to 100 new wells in oil field of Independenta, located 20 kilometers from Galati city, according to a notice published in the Electronic System for Public Acquisitions (SEAP).

The value of the framework contract put out for grabs by the oil company is between EUR 13 million if the winner would just drill 9 wells, and 205 million for work related to drilling 100 wells.

The deadline to receive applications at the Petrom bid is July 14, 2014.

Source

Ziarul Financiar