PGNiG and Naftogaz want to jointly look for gas in Western Ukraine

Naftogaz and Polish Oil and Gas Company (PGNiG) have signed a memorandum of understanding. The partners will jointly consider the possibility of putting together experience and resources to implement a number of projects, primarily in Western Ukraine, close to Polish border.

Naftogaz informs that it will primarily focus with PGNiG on exploring opportunities for joint exploration of greenfield areas in Western Ukraine, bordering Poland. In particular, the partners shall allow for cooperation in Berestyanska area, where Naftogaz signed a production sharing agreement with the government at the end of 2020.

“PGNiG has proven track-record of discoveries and efficient gas production in Poland, in the region bordering Ukrainian Carpathians. At the same time, it has already successfully accomplished projects on expanding its gas producing business to other countries, including strong position in Norway. I am confident that we will be able to achieve mutually beneficial synergy that will contribute to Naftogaz’ strategic goal of driving gas production volumes to allow Ukraine achieve energy independence within the next 10 years,” Chief Operating Officer of the Naftogaz Group Otto Waterlander said.

“We are excited about the opportunity of joint development of Naftogaz’ greenfields in the region, including recently awarded Berestyanska block under PSA. However, we are also interested in joint study of the remaining open acreage in close proximity to Polish border” – Robert Perkowski, Vice President of the Management Board of PGNiG SA, Chief Operating Officer said.

Naftogaz/Wojciech Jakóbik