In recent years, we have expanded our business mission from the exploration and extraction of oil and natural gas to cover further activities and processes, especially in the are of protecting the natural environment. These include carbon capture and storage (CCS) solutions as well as other efforts to become more self-sufficient in our energy consumption, including using blue and green energy sources.
We see potential in geothermal energy, which is one of the closest energy sources to our original business mission. We’re currently assessing how we can use obsolete oil and gas wells to develop geothermal energy sources. Moreover, we’re intensively building renewable energy sources such a wind and solar energy. The largest project of this type is the construction of the Oriv wind farm in Ukraine.
Exploration and extraction of oil and natural gas sources remain an important part of MND’s busi-ness activities, however. Our exploration and extraction activities currently extend to the Czech Republic, Ukraine, and Georgia.