BNK Petroleum quits Polish market

American oil company BNK Petroleum Inc. has announced the cessation of a project in Słupsk [Pomeranian Voivodeship]. They plan to stop all activities in Poland. The company expends $1.7 million on maintaining projects in Poland. However, the main problem is the inability to find a joint venture partner for the project in Słupsk. "In this difficult time of low oil and gas prices, the closure of operations in Poland will contribute to significant savings for us," said Wolf Regener, BNK Petroleum Executive Director. The company is planning to focus on mining Tishomingo Field in Oklahoma and looking for new opportunities in the US and abroad. It's not the first time foreign companies have closed their mining work in Poland. Marathon Oil, Talisman Energy and Chevron have already put a stop to any kind of operations in the country.