The company of the richest man in Constanta wants to expand to Russia

Marine oil drilling company Grup Servicii Petroliere (GSP), member of Upetrom, plans to expand its activities in northern Russia and to buy new drilling rigs.

"We have six platforms, and the plan is to double their number. Depends how we find money and contracts. We have discussions to take on contracts and platforms. (...) The problem is that prices have risen because offshore investments increased too", said businessman Gabriel Comănescu, owner of Upetrom, known as the richest man in Constanta, according to the latest charts.
 
According to Comănescu, in 2014, GSP will return to the level of 2010 turnover - 2.3 billion RON, as of 2015 will exceed this limit due to contracts of deep-sea drilling.
"In 2014, the business will be close to 2010 level, and after 2014 we get up. In 2014 we start deep drilling and deep construction, we’ll work to the max. (...) There is very much gas in the Black Sea", said Comănescu, adding that drilling in the deep sea "is the big step in development that will change the face of GSP".

Several companies, including OMV Petrom, Exxon (USA), Lukoil (Russia), Sterling Resources (Canada), have leased oil blocks in the Black Sea.
Up to date, OMV Petrom and Exxon, jointly exploring several blocks, announced that they had discovered gas reserves in the Black Sea between 42 and 84 billion cubic meters, equivalent to 3 to 6 times the annual consumption of Romania.

Source: economica.net