Foraj Sonde SA (Videle)
BBVB:FOJE33.70
RON
-0.50
(-1.46%)
ISIN
ROFOJEACNOR1
Return %
Stock
S&P 500
1Y
124.67
14.20
3Y
161.24
81.12
5Y
645.58
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- Sector
- Industrial services
- Industry
- Contract drilling
- Address
- Videle Romania
- IPO Date
- Dec 24, 1996
- Website
- fsv.ro
- Similar Companies
- Business
- Foraj Sonde SA Videle is a Romania-based oilfield services company that specializes in onshore drilling, well intervention, and energy infrastructure solutions for the hydrocarbon and renewable thermal energy sectors. Founded in 1983 and headquartered in Videle, Teleorman County, Romania, the company is publicly listed on the Bucharest Stock Exchange under the ticker symbol FOJE. Foraj Sonde SA provides a comprehensive portfolio of oilfield and energy services, including onshore drilling and completion of exploration, exploitation, and injection wells for crude oil, natural gas, and geothermal reservoirs across low-, medium-, and deep-depth formations; workover, capital repair, well maintenance, and production testing services; well intervention, stimulation, and abandonment operations; civil and surface engineering works, including drilling site preparation, platform construction, access road development, water supply installation, electrical hookups, and environmental remediation; heavy-duty specialized transport, crane operations, and technical logistics; and upstream natural gas concession management alongside gas-to-power electricity generation. The company operates a fleet of automated and conventional drilling rigs, workover units, and auxiliary equipment capable of executing complex drilling programs, adhering to international ISO standards for quality, environmental management, and occupational health and safety. Foraj Sonde SA primarily serves major national oil and gas exploration and production operators, natural gas storage companies, independent energy producers, and municipal or industrial geothermal project developers. Its operational footprint spans key hydrocarbon basins across Romania, including Muntenia, Oltenia, and Moldavia, as well as select international European markets such as France and the Netherlands. In recent corporate developments, Foraj Sonde SA has executed major strategic expansions and diversification initiatives across conventional and renewable energy domains. The company agreed to acquire 100 percent of Raffles Energy (UK) Ltd., gaining control of operating entities Raffles Energy S.R.L. and Zenith Resources S.R.L. to expand its footprint in gas-to-power electricity generation and upstream gas concessions. In addition, Foraj Sonde SA acquired the petroleum drilling division and assets of Transgex Oradea, absorbing high-capacity drilling rigs, experienced technical personnel, and active commercial contracts. The company also secured significant multi-year domestic and cross-border drilling agreements, including multi-year onshore drilling contracts with OMV Petrom, a long-term deep-drilling service contract with Romgaz, and natural gas storage capacity expansion works for Depogaz at the Bilciuresti facility. Geographically, Foraj Sonde SA expanded its European geothermal footprint by establishing an operational branch in France and entering into a large-scale geothermal drilling framework agreement with Dalkia France, a subsidiary of the EDF Group.