en.Wedoany.com Reported - Baker Hughes and DTEK Oil & Gas recently signed a Memorandum of Understanding (MOU) during CERAWeek in Houston, USA, planning to enhance Ukraine's natural gas production and strengthen local energy supply capabilities through technical cooperation.
The agreement between the two parties covers the deployment of advanced technologies and the expansion of Ukraine's natural gas resource development. Ukraine has proven natural gas reserves of approximately 1.1 trillion cubic meters, providing a foundation for further increasing natural gas output and offering development space for Ukraine's gas projects.
As Ukraine's largest private natural gas producer, DTEK Oil & Gas will combine its local operational experience, while Baker Hughes will provide drilling and production services support to assist in advancing related natural gas projects. Both parties stated that this cooperation will focus on improving efficiency, accelerating development progress, and expanding the application of advanced technologies in Ukrainian assets.
This MOU extends the existing cooperative relationship between the two parties. Previously, DTEK Oil & Gas had signed a Master Service Agreement with Baker Hughes, covering directional drilling, bit services, and other technical operations. As the European market places greater emphasis on the stability of natural gas supply, the advancement of Ukraine's natural gas projects is also seen as an important step in enhancing local supply.
DTEK stated that both parties will continue to deepen cooperation around Ukraine's natural gas projects, explore the value of the resource base, and improve the operational performance of the asset portfolio. The increase in Ukraine's natural gas production is also expected to provide more support for regional energy supply.
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