Pennpetro advances Limnytskyi exploration licence in Ukraine

UK-based energy company Pennpetro Energy has unveiled plans to advance the Limnytskyi oil and gas exploration licence in western Ukraine. In October this year, the company signed an agreement to acquire the licence, held through a Polish holding company. Pennpetro plans to reanalyse existing seismic data and complete the necessary environmental and drilling permits, road repairs and pad construction. The analysis aims to enable re-entry into a historic well by drilling a sidetrack to a depth of approxim ...