The company will renew the oil extraction.
The extraction will be renewed on two old oil wells.
The oil and gas company Cadogan Petroleum plc, which has assets in Ukraine, renewed the extraction on two old oil wells under PSA with Ukrnafta on the Monastyretskaya area (Lviv region), Correspondent.net reports.
As the company reported on the London Stock Exchange site, during the natural oil flow, these wells produce around 30 barrels a day – in future, it is planned to install the pumping equipment on them.
It should be reminded that previously Cadogan Petroleum did not reregister special permissions to Sloboda Rungurskoe Deposit. The State Service of Geology and Mineral Resources of Ukraine also suspended the special permissions to subsoil management on Golubovske (Dnipropetrovsk region), Yuriivske (Dnipropetrovsk region), and Lopushnianske (Chernigiv region) deposits.
