2009 Annual Report - Rompetrol.com

Rompetrol
Drilling and Workover
Rompetrol Drilling and Workover Division (RDW) has over 35 years
of experience in Oil Industry, providing specific services to clients
worldwide.
Rompetrol Drilling and Workover is a member of International
Association of Drilling Contractors (IADC), member of Drilling
Contractors Association of Romania (ACFR), and has implemented
an integrated management system for quality assurance,
environmental protection and HSE, according to ISO 9001-2008,
ISO 14001-2004 and OHSAS 18001-2007.
The slowdown of oilfield services demand, caused by the global
recession and financial crisis has deeply affected The Oil and
Gas Industry. In this context, RDW Consulting and Mudlogging
activities have been most affected,by 42% and 70% respectively,
compared with results from 2008. Even in this economic context,
the company had an increase of 79% in the net profit, as a result of
a better management of the costs, while the turnover decreased
by 15% than in 2008.
In 2010, the objectives of Rompetrol Drilling and Workover division
are to:
• maintain market share in drilling and workover services;
• develop the activity through alliances with rig manufacturers and
other oilfield services contractors;
• develop the mudlogging services by signing new contracts;
• develop consulting services;
• maintain international QHSE standards.
Revenues 2009 vs 2008
(thousand USD)
2009 Annual Report 39
15,000
12,000
9,000
6,000
3,000
0
11,446
Net profit 2009 vs 2008
(thousand USD)
1,500
1,200
900
600
300
0
13,437
2008 2009
1,305
730
2008 2009