PGNIG drilling unit targets 50pct of revenues from abroad
February 8, 2013
Gas giant PGNiG's upstream services unit Exalo Drilling (formerly PGNiG Poszukiwania), heading for a WSE debut mid-year, eyes generating 50% of its revenues abroad, company officials told reporters on Thursday.
"Our goal is to generate around half of our revenues from foreign markets," CEO Piotr Truszkowski said, adding Exalo is offering both drilling and maintenance services.
The company still eyes WSE debut around mid-year but if market conditions are tough it might look for an investor, PGNiG CEO Grazyna Piotrowska-Oliwa said.
Exalo Drilling was formed from five units from PGNiG group. It is currently present in Ukraine, Russia, Kazakhstan, Pakistan, India, Uganda, Egypt and Mozambique