GB Petroleum Plc and PGNiG sign Memorandum of Understanding

Source: www.gulfoilandgas.com 5/20/2007, Location: Africa

GB Petroleum Plc (GBP) and Polskie Gornictwo Naftowe i Gazownictwo S.A (PGNiG) recently signed a Memorandum of Understanding to work together in the identification, evaluation and acquisition of selected international exploration and production opportunities in various countries in Europe and North Africa.

The two companies will use their respective business strengths to gain access to a variety of commercial opportunities internationally and at the same time cooperate with each other by sharing geological and geophysical expertise on the high-graded projects,including farm-out evaluations and new exploration licence rounds.


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