Burisma Working to Ensure Ukraine's National Energy Security and Independence

KIEV, Ukraine, May 11, 2017 /PRNewswire/ --

International Energy Group Burisma addressed a procurement seminar on Ukraine at the 48th international oil & gas conference and exhibition at the Offshore Technology Conference (OTC) held in Houston, Texas.

Ten members of the Burisma team attended the conference.

The OTC 2017 featured a special procurement seminar on Ukraine organized by the U.S. Commercial Service in Ukraine, with support from Burisma Group. The event brought together representatives of Ukrainian and foreign oil & gas producers, embassies, NGOs and industry experts to address Ukraine's gas market future, business challenges and opportunities. Among key speakers at the seminar were the Senior Commercial Officer of the U.S. Commercial Service in Ukraine Jim Lindley, the Senior Oil and Gas Sector Specialist Myroslava Myrtsalo, the CEO of Ukrgazvydobuvannia Oleg Prokhorenko and the Advisor to the Board of Directors at Burisma Group Vadym Pozharskyi.

In his address entitled 'Private gas production as a key to ensuring national energy security and independence', Vadym Pozharskyi, Advisor to the Board of the Burisma Group, focused on the need to boost Ukraine's domestic gas production. He talked about new ways to increase gas output, the importance of cooperation with the public sector and Burisma's state-of-the-art technology and oil and gas services.

"Based on our 2017 corporate program, we will be investing circa UAH 3 billion in exploration and production. We are proud to produce billions of cubic meters of gas and contribute billions of hryvnias to the state budget of Ukraine. The huge advantage of the OTC for Ukraine is that it offers latest technologies allowing us to ramp up Ukraine's domestic gas production," Vadym Pozharskyi explained.

The address also discussed how Ukraine offers an attractive investment environment and growth opportunities to oil and gas and service companies. It also recognised the effort and progress the country has made.

In May, Burisma Group will be introducing the largest drilling rig in Ukraine. Vadym Pozharskyi extended an invitation to all participants of the OTC 2017 seminar on Ukraine to attend the event.

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About the OTC 

Founded in 1969, the OTC is one of the key oil and gas industry events focused on offshore exploration, drilling and production. The NRG Park hosted over 2,300 companies from 100 countries that brought their projects and technologies. This year, the tradeshow attracted a record number of attendees - over 90,000 traders, managers, businessmen, engineers and scientists. The OTC is ranked among 200 largest tradeshows held annually in the United States and is among 10 largest gatherings in terms of attendance.

About Burisma 

Burisma Group is an independent oil and gas company operating in Ukraine. Since its launch in 2002, the Company has rapidly become one of the largest independent gas producers in the country. Burisma has been engaged in oil and gas exploration and production for more than 10 years. The core business is located in Ukraine, where the Group is the largest independent natural gas producer. Burisma is a market leader with annualized natural gas production circa 1,1 BCM and over 30% market share. Burisma is seeking for opportunities to expand its portfolio to other countries. Burisma has a state-of-the-art equipment and many years of experience to provide best services for oil and gas companies around the world. 

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For more information, please visit http://burisma.com/en/ 

SOURCE Burisma