( For-Ua ) - 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.