Upstream opportunities continue to open in eastern Europe, where western operators have agreed to conduct exploration programs. Maxus Energy Corp., Dallas, is the first western company allowed to explore in Czechoslovakia. Maxus and VVNP (Research Oil Co.), an exploration and production company based in Bratislava, agreed to a joint exploration and production effort on two blocks covering 1.5 million acres in the Danube and East Slovak basins of the Slovak republic.

May 20th, 1991
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