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You're reading: Chornomornaftogaz decides against leasing right to drill outside Ukraine
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Chornomornaftogaz said that recently works on oil and gas exploration in the Black Sea have been stirred up and demand on modern drilling rigs is growing.

“Recently we had to reject an application for the Petro Hodovanets self-elevating floating drilling rig to operate on the shelf in Romania. The rig has been booked-up for the next several years in the Ukrainian section [of the Black Sea] and we don’t have even holes of 30-40 days to provide drilling services for a well. This concerns the Nezalezhnist fifth generation rig, which will start operating at the end of this year,” Chornomornaftogaz Deputy Board Chairman Oleksandr Katsuba has said.

At present, only two companies in the region have drilling rigs – Romania’s Group Servicii Petroliere (GSP) and Ukraine’s Chornomornaftogaz. Only Chornomornaftogaz has two drilling rigs of last generation with a possibility to set it to the maximum depth for such rigs – 120 meters.

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