Ukrainian gas producer signs EUR 47 mn drilling contract in Egypt, Iraq

Ukraine's UkrGasVydobuvannya signed a EUR 47 mn contract with Croatia-based Crosco to drill 12 natural gas wells in Egypt and Iraq. Drilling is set to start in 3Q2017 and Crosco plans to drill four wells annually. The state-owned UkrGasVydobuvannya is the largest Ukrainian gas producer, whereas Crosco is an integrated drilling and well services contractor and part of Croatian oil and gas company INA.