Burisma Group Represents Ukraine at OTC 2017 in Houston

May 9, 2017

International Energy Group Burisma took part in the 48th international oil & gas conference and exhibition – the Offshore Technology Conference (OTC) held on May 1-4 in Houston, Texas. Founded in 1969, the OTC is one of the key oil & gas industry events focused on offshore exploration, drilling and production. The NRG Park with a total area of 64,000 square meters hosted over 2300 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.

This year, ten members of Burisma team attended the conference.

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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.

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In his address titled “Private gas production as key to ensuring national energy security and independence”, Vadym Pozharskyi focused on the need to boost Ukraine’s domestic gas production. He talked about new ways to increase domestic gas output, cooperation with public sector and Burisma’s state-of-the-art technology and oil & gas services.

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“Based on 2017 corporate program, we will be investing circa UAH 3 bln in exploration and production. We are proud to produce billions of cubic meters of gas and contribute billions of hryninias to the state budget of Ukraine. The huge advantage of the OTC for Ukraine is that it offers latest technologies allowing to ramp up Ukraine’s domestic gas production”, noted Vadym Pozharskyi.

In May, Burisma Group will be introducing the largest drilling rig in Ukraine. All participants of the OTC 2017 seminar on Ukraine were invited to attend the event.

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“The Offshore Technology Conference invites energy experts to share ideas on applying scientific and technical knowledge to offshore resources and environmental issues. The OTC is sponsored by 13 non-profit energy organizations that work together to develop technology programs. This is an important event for Ukraine and our company, since Burisma Group bridges the communication and technology gap between Ukraine and the West”, admitted Vadym Pozharskyi.

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According to Mr. Pozharsky, Ukraine offers attractive investment environment and growth opportunities to oil & gas and service companies, and the recognition of the effort and progress the country has made so far from the international community is both encouraging and reassuring.

For more detailed information please contact our press-center: media@burisma.com

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