Foraco International SA
Foraco International SA, a publicly traded company based in Marseille, France, is the third largest global mineral driller providing innovative solutions for mining, and water projects across 22 countries and five continents. With the 3rd largest global fleet of drilling rigs, best-in-class safety standards and a versatile, well-trained international workforce with a proven track record in geologically complex formations they are uniquely positioned to satisfy the needs of customers operating around the world. Foraco is traded on the Toronto Stock Exchange under the ticker symbol “FAR.”
Foraco offers best-in-class safety standards, supported by a professional and well-trained international work force. Their practices and procedures have been honed through extensive global drilling experience in geologically complex formations and extreme natural terrain, Foraco has developed customized sophisticated drilling solutions to meet the needs of their customers. Including; deep directional drilling, hydrogeological drilling, metallurgical sampling and large diameter drilling.
The Company specializes in operating in harsh environments, including deserts, rain forests, high altitudes, Arctic territories and remote locations. It has developed specific equipment tailored to meet its customer’s needs, including:
- Specialized combination rigs that optimize exploration drilling efficiency for its customers. This enables the client to conduct the RC DTH percussive drilling and diamond core drilling with the same rig and crew.
- Specially developed heli-portable drilling rigs and equipment to facilitate access to locations in rugged and remote terrain with little established infrastructure.
- The Company’s many years of experience in remote regions of Africa allow it to offer complete turnkey solutions to its customers, including lodging, catering, transportation and logistical support in addition to its drilling expertise. The Company also has extensive experience drilling volcanic formations which are of significant interest to Geothermal Project Managers.
The Company can offer an integrated package of services to its customers, including turn-key contracts for water production and initial distribution systems in rural or semi-urban areas of developing countries. Foraco has drilled more than 40,000 production water wells in all types of geological formations ranging from 20 metres to 2,000 metres in depth. Depending on the use of the well, Foraco installs a wide range of equipment in the bore holes, from a full polyvinyl chloride (PVC) installation for shallow wells, to 100% steel casing for deeper wells that extend to more than 200 metres in depth. Foraco has developed its own proprietary method of hydraulically fracturing rocks in the production zone of the aquifer to stimulate the well and increase yield.