Ukraine’s state-run company Ukrgazvydobuvannia and Croatia’s CROSCO Integrated Drilling & Well Services Ltd have signed 2 contracts for drilling 12 new wells in Ukraine, CROSCO reported on August 4, 2017.
«CROSCO is pleased to announce signing of contracts for drilling and well operations with Ukrainian state company Ukrgasvydobuvannya, one of the largest oil and gas business operators in Ukraine,» reads the report.
It is noted that the 1st contract for the drilling of 6 wells with a total value of 23.4 million euros (lot 10) was signed on June 6, 2017.
The 2nd contract, for another 6 wells, valued at 23.6 million euro (lot 8), was signed on July 4, 2017.
Drilling operations are scheduled for the 3rd quarter of year 2017.
CROSCO plans to drill 2 wells per year on each Lot.
