The Oil & Gas Exploration Company Cracow Ltd. (PGNiG SA Group) returns to Mozambique.
p>The Oil & Gas Exploration Company Cracow Ltd. (PGNiG SA Group) returns to Mozambique.
The Company has signed a contract for exploration and horizontal drilling up to 2000 m with the international company SASOL Petroleum Temane Limitada, a wholly owned subsidiary of Sasol Petroleum International. The works will be carried out with the K900 drilling rig, which is currently under mobilization from Kazakhstan and will be shipped by sea to Mozambique.
Then from the Beira seaport it will be transported to the Temane oilfield, located 500 km inland, to the Inhambale province. The commencement of this project is scheduled for the beginning of 4Q2010.
The said contract has been signed for one year with the option for its extension. There will be 11 Polish specialists working at the drilling rig with the local supporting Staff to be employed and trained according to the procedures and requirements as set up by OGEC Cracow. The value of the contract is considered as confidential and has not been revealed.
It is worth mentioning that Mozambique is the second African country where OGEC Cracow has been carrying out drilling services aiming at exploration of oil and gas. The second, also very important and appreciated, market is Uganda, where at present there are three Cracow drilling rigs and more than 50 Polish employees engaged in drilling.
Apart from Africa, OGEC Cracow has been currently performing its services in Poland, The Czech Republic, Ukraine, Kazakhstan and Pakistan. The Company employs in total 1300 people. The Company’s net profit for 2009 has reached 16 mn PLN.
