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Karpatgazvydobuvannia plans to start drilling in H2 2022
KYIV. Aug 30 (Interfax-Ukraine) – Karpatgazvydobuvannia LLC, in which the Polish company PGNiG will acquire 85% from ЕRU Management Servises Llс (the United States), plans to start drilling the first well at Byblivska oil and gas area (Lviv region) in the second half of 2022.
According to a joint press release of the companies, if positive test results are obtained, the well will be connected to the gas network and brought onstream in 2023. The owners of Karpatgazvydobuvannia also plan to conduct additional geophysical surveys of the license area to help design further wells.
"For the past five years, we have been actively trading natural gas in Ukraine. Not only have we launched gas sales to the Ukrainian market, but we have also gained access to the Ukrainian gas transmission network and storage facilities, thereby increasing our ability to optimise trade in natural gas. Our successful activities so far and strong cooperation with ERU have whetted our appetite to further tap the potential of the Ukrainian market, and so our partnership is being extended to include upstream," Paweł Majewski, President of the PGNiG Management Board, said.
As reported, in December 2019, PGNiG and ERU signed a cooperation agreement in gas exploration and extraction in Lviv region. The agreement provides for the drilling at the initial stage of an exploratory well up to 2,500 meters deep, and measures to design the location of other wells.
In May 2021, the Antimonopoly Committee of Ukraine allowed the Polish company PGNiG to acquire over 50% in Karpatgazvydobuvannia LLC (formerly Karpaty Industrial Group 2014), which holds a license for Byblivska oil and gas area.
PGNiG is the largest oil and gas company in Poland, engaged in the development of gas and oil fields, production, storage and transportation of energy resources, as well as construction and development of oil and gas transport networks, export and import of gas.
