Foreign projects are a strategic pillar for MND Drilling & Services. They bring stable utilization of our rigs, long-term contracts and strengthen our position on the European market. They allow us to invest in upgrading technology, developing people and raising safety standards. And most importantly, we are proving that we can succeed in strong international competition and are among Europe's leading drilling contractors.

This summer, usually a period of holidays and rest, did not show the typical calm on the markets at all. On the contrary. The frequent change in US attitudes has continuously caused chaos and difficult-to-predict price movements.

Even better than the optimistic models expected. The data from the Tynivskaya licence in western Ukraine speak clearly, the deposit has huge potential, which MND Ukraine is gradually uncovering. Daily production is increasing day by day and the biggest limitation is the surface technology, which lacks sufficient capacity and is still being strengthened.