Romanian Prospectiuni enters the Ukrainian seismic market

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

Details

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

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

In addition, Prospectiuni is negotiating with the state-owned Ukrgazvydobuvannya. The Romanian company can likely provide 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. It has experience implementing projects in Romania, Portugal, Bulgaria, Moldova, Croatia, Albania, and other countries.

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

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