Naftogaz and PGNiG will jointly search for gas in Western Ukraine
Naftogaz Group continues to attract international partners to unlock Ukraine's oil and gas potential. Naftogaz and Polish PGNiG signed a memorandum of understanding. The partners will consider the possibility of combining experience and resources to implement several projects, primarily in the western region of Ukraine, on the border with Poland.
"The joint work of the government and Naftogaz resulted in the receipt of the strategic assets that allow us to confidently declare the greatest potential for hydrocarbon production among the European countries. By attracting international partners, we are accelerating the pace of unlocking Ukraine's resource potential. PGNiG is a public company with high standards that has discovered several large fields in Europe. In particular, PGNiG has proven successful in gas fields discovery and production in Poland – in the region bordering the Ukrainian part of the Carpathians. At the same time, the company has successful examples of developing its gas production business in other countries, including a strong presence in Norway. I am confident that we will be able to achieve a mutually beneficial synergy, which will contribute to the implementation of Naftogaz's strategic goals of increasing gas production and achievement of Ukraine's energy independence within 10 years," Otto Waterlander, Chief Executive Officer of Naftogaz Group said.
Naftogaz and PGNiG will focus on studying opportunities for joint exploration of the new areas in western Ukraine bordering the Polish border. In particular, the partners assume cooperation on the Berestyanska area, obtained by Naftogaz under a production sharing agreement with the government at the end of 2020.