Cabinet of Ministers of Ukraine agreed to Yuzivska gas field PSA with Yuzgas and Nafta

The Cabinet of Ministers of Ukraine has agreed to transfer 90% of the rights of the Nadra Yuzivska company as per PSA agreement on Yuzivska gas field to Yuzgaz B.V. and Nafta (Slovakia) as investor-operator of the project. This was stated today by project participants at a press conference in Kyiv. According to RBC-Ukraine, Nafta guaranteed full accomplishment of Yuzgaz’s prior commitments to drill 15 wells at Yuzivska gas field for $ 200 million.

By way of reminder, in January 2013, the PSA on Yuzivska gas field was signed with Shell. However, at the end of 2014 Shell was unable to accomplish due exploration of this gas field because of military hostilities in Donbas. In September 2015, Shell completely withdrew from the project. In 2016, The Cabinet of Ministers of Ukraine held a new PSA tender, which was outcompeted by Yuzgas. But shortly afterwards, due to scandal and accusation in nontransparency of the PSA tender, Yuzgas was stripped of the Yuzivska gas field PSA award.

13:29 / 22 December, 2018

Upcoming events
08:00 / 26 September, 2019
ODESA OFFSHORE CONFERENCE-2019 Ukraine has every chance to resume the work of the most promising oil and gas region, the Southern oil&gas fields. The untapped deposits of oil and gas are located both onshore and subsea. Four companies have already poised to conclude Production Sharing Agreements with Ukraine, whilst bidding for the Dolphin oil&gas fields on Black Sea shelf. The Odesa Offshore Conference (OOC2019) will serve as a venue for Ukrainian and international bidders to meet with local and international drilling, oilfield service and equipment manufacturers to kick-off emerging subsea and onshore projects in Ukraine.
ODESA OFFSHORE CONFERENCE-2019
12:00 / 13 June, 2019
08:00 / 23 May, 2019
Carpathian Oil&Gas Conference-2019 The development of oil&gas industry, introduction and implementation of new E&P technologies, stimulation, workovers &recovery of oil&gas wells will be among upstream focal points of the FIRST DAY of COGC2019 - 23 May. The SECOND DAY of Conference will be devoted to midstream, downstream, and trade in hydrocarbons, to spotlight the nowadays dynamics and robust changes in the Ukrainian oil&gas market. The Ukrainian Gas Market day of 24 May 2019 will become a marketplace venue for natural gas traders and natural gas transmission & distribution companies to meet and discuss prospective deals in the UAH 200 billion natural gas market of Ukraine.
Carpathian Oil&Gas Conference-2019
All events