Cadogan Petroleum has installed an additional fleet of oil storage tanks
Cadogan Petroleum, a British oil and gas company with assets in Ukraine, has installed an additional 350 cubic meters of storage capacity at the Blazhivske field in Lviv region.
This is reported by the company’s press service on Face book.
“There is significant volatility in the oil and gas market in 2020. Attracting additional oil storage facilities will allow us to overcome periods of such instability more effectively. The tank farm is also an important preparatory stage in our strategy to increase production at the field,” Andriy Bilyi, General Director of the Ukrainian office of Cadogan Petroleum said.
Cadogan Petroleum is a British oil and gas company listed on the London stock exchange that has been operating in Ukraine since 2006. The current production activities of Cadogan group companies are focused on the Monastyretska and Bitlyanska areas of the Ciscarpathian down-fold, located in the Lviv region.
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