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Romanian Prospectiuni enters the Ukrainian seismic market

Romanian Prospectiuni enters the Ukrainian seismic market

21.11.2024 11:00

The Romanian company Prospectiuni may soon start 3D seismic surveys in Ukraine, ExPro's market sources say.

According to sources, the company has already delivered its 3D seismic equipment to Ukraine.

First of all, Prospectiuni negotiated with the JV Poltava Petroleum Company (PPC) to conduct 3D seismic surveys at the PPC's fields in the Poltava region. However, the work has not yet begun.

Besides, Prospectiuni is negotiating with the state-owned Ukrgazvydobuvannya. It is likely that the Romanian company can conduct 3D seismic surveys for the state-owned company even earlier than for PPC.

What is Prospectiuni?

Prospectiuni is a leading provider of geological and geophysical exploration in Romania. The company has experience in implementing projects in Romania, Portugal, Bulgaria, Moldova, Croatia, Albania, and other countries.

Prospectiuni dates back to 1950 as the research and exploration department of the Geological Committee, which was transformed into the Laboratory and Geological Company.

The company's CEO is Nicolae Petrisor. For 9 months of 2024, the company's turnover amounted to 187.3 million lei ($39.7 million), and net profit was 25.3 million lei ($5.4 million). As of the middle of the year, Ovidiu Tender owned 56% of the company, and SIF Muntenia – 12% of Prospectiuni.