The state-owned Chornomornaftohaz joint-stock company is considering the possibility of participating in the exploration of deepwater hydrocarbon deposits on the Black Sea shelf, the company's spokesman Eduard Dol said on Friday.

According to him, the Naftohaz Ukrainy national joint-stock company presently does not possess the equipment and technology required for deepwater drilling. However, according to him, the company can act as a contractor for or as a partner of major international companies engaging in exploration of deepwater hydrocarbon deposits, the Cabinet press office informs. 

Mr. Dol said that Chornomornaftohaz has already signed a protocol of intentions with Hand Oil company, but he added that the government would have the final say.

Gas extracted by Chornomornaftohaz meets 85% of the gas requirements of the Crimea.


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