Galicia Energy Corporation has exited from its 24% interest in the Bieszczady project in Poland.
The company said its exit had been achieved at no cost and without having to pay any historical work commitment liabilities.
The withdrawal from the Bieszczady project forms part of Galicia’s strategy to move into the technology sector.
The news follows on from San Leon Energy’s decision to scale back its Polish interests, including Bieszczady.