The European Bank for Reconstruction and Development has bought 5.2% share parcel of the company Cadogan Petroleum, registered in the United Kingdom, which is engaged in exploring and developing gas fields in Ukraine, the EBRD press service reported.

In the future the EBRD is likely to increase its parcel up to 10%.

The company means to implement the improved technology of drilling, which would allow extract gas from over 5,500-meter depth, as well as breakdown technology, which would allow to significantly enhance productivity of wells and oil and gas extraction coefficient, Cabinet press office informed.


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