Chevron, PGNiG agree to Polish development

Chevron and PGNiG have agreed a memorandum of cooperation for joint development of shale gas assets in southeastern Poland.
By Staff reporter 13 December 2013 0 5578

Chevron and PGNiG have agreed a memorandum of cooperation for joint development of shale gas assets in southeastern Poland.

State-owned monopoly PGNiG said it will be able to reduce costs by working with another operator.

“Chevron believes in a partnership and that is one of our most important values, wherever we operate,” Chevron’s country manager John Claussen said.

Successful exploration work in the region could lead to the establishment of a joint venture company according to PGNiG, in which the parties would each cover 50% of the shares...

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