The Corporate Strategy of Viva Exploration is to fully develop the Staromizunsky Project over its 20 year license period. To implement this Strategy our team combines international best practise in drilling and completions to bring the area into commercial production.
The Strategy consists of initial exploration drilling that will demonstrate both the commercial viability of the area’s resources and better delineate the resource in place.
The Company having demonstrated commercial production volumes and partially proved-up existing reserves will prepare and file a Development Plan with the national authorities according to local rules and regulations.
The Company is committed to becoming a leading independent explorer and producer of natural gas and oil in Ukraine. To do this we are bringing together our leading knowledge of the local market with the expertise and know-how of the World’s best industry professionals.