Form launches exploration of oil, gas deposits in south Moravia

The firm MND has started seismic exploration of potential deposits of oil and gas in south Moravia, the company said in a press release. MND, a subsidiary of the investment group KKCG, has invested over 200 million crowns in the operation, and hired the German firm DMT to do the job. Seismic surveys will take place in an area of some 150 square kilometres near the town of Mikulov, and should conclude next April, the company said.

Author: Jan Richter