Posted at 5/15/23, 6:05 PM Press releases

ANNOUNCEMENT concerning the availability of 1Q 2023 Report

Rompetrol Well Services S.A. (PTR) is one of the most important well services companies in Romania. It provides a wide range of services for oil and gas wells in Romania and Eastern Europe (cementing, stimulation, miscellaneous pumping, pressure testing, equipment rental, tubular casing, etc.).

In the first three months of this year, the Company managed to demonstrate its ability to adapt to the conditions of a volatile upstream market, maintaining its position on the specific market of well-related services. This evolution was also reflected in the volume of operations performed for our clients, increasing by 9% compared to the level recorded in the similar period of 2022.

Although in 2023 we expect the market to be still volatile, with a low level of new investments from our main clients, we estimate that the Company's flexibility in terms of the type of services provided, together with a strong financial position, including cash and cash equivalents, will allow the operational activity to register a profitability level similar to one estimated in the approved budget.

The Company continued to manage all its commitments in conditions of financial equilibrium, ensuring all cash availabilities for full and timely payment of commercial commitments, salaries and state budget obligations.







Q I 2023

Q I 2022

Q IV 2022

Operating income, of which:




Rendered services




Operating expenses




Operating result








Net financial income








*) EBITDA = Operating result – value adjustments on fixed assets and current assets – adjustments on provisions

Rompetrol Well Services S.A. informs the investors in respect to the availability of Q1 2023.  The report prepared in accordance with the applicable legislation will be made available starting with May 15, 2023, 18.00 hours, in written form, by request, as well as in electronic format on the Company’s website Investor relations / Financial results and reports / Quarterly Interim Reports.

Rompetrol Well Services S.A was established in 1951 as a state owned company, subordinated to the Ministry of Oil and Chemistry, under the name “ICOTS” (Întreprinderea de Cimentări, Operaţiuni si Transporturi Speciale – Enterprise for cementing, Operations and Special Transports). Since 1990, the Company became Petros Ploiesti and in 1998 it was listed at the Bucharest Stock Exchange. In 2000 “The Rompetrol Group” (now KMG International) has taken over the majority stake, now holding a participation share of 73%.

Georgian Ştefan Florea