Dafora penetrates the Israeli drilling market 17 December 2012

The international market expansion represents one of Dafora's development strategic directions approached since 2002. After a reach experience in different markets such as Africa (Uganda, Tanzania, Sudan, Mozambique), France, Bulgaria and Ukraine, Dafora will perform drilling works in Israel for the company Globe Exploration (Y.C.D.) LP.

The works with an estimated value of USD 12 million are due to run for 2 years (with an estimated two years extension). The wells with depths of approx. 6.000 m will be drilled at the beginning of next year.

Due to the high potential of the oil field, the chances of extending the contract and of mobilizing new rigs are very high.

"Signing of new contracts with foreign operators represents the result of the company's strategy and the personnel's professionalism. The harmonization of the long-term business strategy with the company being able to adapt itself to the ever-changing market dynamics demonstrate Dafora's good standing in the field industry".

distributed by