NAFTA a.s. invests its own funds in exploration and production. Potential production will not cost taxpayers a cent.

NAFTA a.s. is investing its own resources and additionally its long-standing know-how into exploration along with Vermillion Energy. Depending on the eventual size, the amount could run into the tens of millions of euros.

In 2017, NAFTA a.s. and Vermillion Energy conducted a 3D seismic survey over a 250 square-kilometer area in the region around Trnava. Their evaluation of seismic data identified promising drilling prospects. More than 9 million euros have been spent by NAFTA a.s. and Vermillion Energy to date on this exploration.

NAFTA foresees significant potential at the location, which could increase domestic production from the current 1% of Slovakia’s total consumption to 10%. If authorization goes according to the schedule set by legislation, natural gas could be flowing in 2 to 3years.