- CEO
- Florea Georgian Stefan
- Full Time Employees
- 129
- Sector
- Industrial services
- Industry
- Oilfield services/Equipment
- Address
- Ploiesti Romania
- IPO Date
- Jun 18, 1998
- Business
- Rompetrol Well Services SA is a Romania-based upstream oilfield services provider specializing in technical well operations for the petroleum and natural gas exploration and production industries. Founded in 1951 and headquartered in Ploiești, Romania, the company operates as a majority-owned subsidiary of KMG International N.V., which is part of Kazakhstan's national oil and gas company NC KazMunayGas JSC. Rompetrol Well Services SA delivers specialized well engineering and intervention solutions to energy companies and drilling contractors across Romania, Eastern Europe, and Central Asia. The company's core product and service portfolio comprises well cementing services, including surface, intermediate, and production casing cementing, liner cementing, squeeze cementing, plug-back cementing, and well abandonment sealing; well stimulation services, including onshore and offshore matrix acidizing, formation fracturing, and high-pressure chemical treatments; nitrogen services, encompassing well displacement, nitrogen cleanout, purging, pressure testing, and nitrogen lifting; sand control services, including mechanical gravel packing and chemical sand consolidation; tubular running services, featuring power tong casing and tubing running with computerized torque-turn monitoring; and ancillary oilfield solutions, including certified laboratory cement slurry testing, casing hardware supply, data acquisition software monitoring, and heavy equipment rentals. The company supports its regional field operations through a central technical base in Ploiești and a fleet of over 100 specialized oilfield units and bulk cementing trucks. In recent operational developments, Rompetrol Well Services SA secured two major multi-year framework contracts with OMV Petrom valued at approximately EUR 29.2 million, comprising a EUR 24.6 million five-year agreement for matrix acidizing services at onshore and offshore wells, alongside a EUR 4.5 million four-year contract for deep well abandonment cementing and milling operations. Concurrently, the company has advanced its capital modernization program, investing in high-efficiency skid-mounted nitrogen converters, modern cement bulk transport units, and upgraded digital data acquisition systems to optimize well integrity and operational efficiency.