Domestically-financed MT Drilling LLC, a branch of the MT Group, has revealed its plans for oil exploration in Mongolia.

MT Drilling executive director G.Dashnyam says the company has acquired equipment that meets European standards and technical support from a Swedish firm. He says his company’s staff is well experienced and receives ongoing professional training.

G.Dashnyam says the company plans to work with explosives when it makes exploratory drills, but he noted that exploration drilling causes less damage to the environment than exploitation drilling.