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December 6, 2021
BUSINESS

GSP to drill for Sterling Resources in Black Sea

Grup Servicii Petroliere (GSP), a Upetrom Group company, will conduct oil drilling operations in the Black Sea for Midia Resources Company, the subsidiary of Canada’s Sterling Resources, Mediafax informs. The drilling will start in September, a Sterling Resources communiqué informs. GSP representatives pointed out that the drilling will be handled by the Jupiter rig that was modernized in 2007 for USD 72 M. “For GSP the new contract represents the certification of the fact that drilling activities have taken on a new impetus after a less favorable period in the last two years,” GSP informs. GSP is a member of the Upetrom Group controlled by businessman Gabriel Comanescu and offers integrated offshore drilling services.

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