Derzhgeonadra puts on auction the first batch of 10 oil&gas fields
Derzhgeonadra ( State Service of Geology and Mineral Resources of Ukraine) through the Prozorro e-procurement portal put announcement about a permit auction for the first 10 oil&gas fields.
The first batch of 10 oil&gas fields, out of the 39 planned oil&gas fields planned for auctioning by the end of 2019, were announced for the 6 March 2019 E&P permit action on the Prozorro e-procurement portal. The deadline for submission of bid applications for auctioning sessions is planned for 6 March 2019. According to Derzhgeonadra, the permit auctioning of oil&gas fields and their starting prices are as follows:
- Kniazhytska oil&gas field (Kharkiv Region) with a start price of UAH 498.4 MM
- Suvorovskaya oil&gas field (Odesa Region) with a start price of UAH 9.2
- Zakhidnotokarska-Krasnyanskaya oil&gas field (Luhansk Region) with a start price of UAH 4.6 MM
- Dikhtinetskaya oil&gas field (Chernivtsi Region and Ivano-Frankivsk Region) with a start price of UAH 10.1 MM
- Pivdenno- Kobzivska oil&gas field (Kharkiv Region) with a start price of UAH 9.6 MM
- Saltovskaya oil&gas field (Kharkiv Region) with a start price of UAH 18.3 MM
- Pechenizhko-Kochetkovskaya oil&gas field (Kharkiv Region) with a start price of UAH 11.7 MM
- Svitanok-Logosovaya oil&gas field (Kharkiv Region) with a start price of UAH 17.7 MM
- Dubrovsky-Radchenkivska oil&gas field (Poltava region) with a start price of UAH 17.5 MM
- Vatazhkivska oil&gas field (Poltava Region) with a start price of UAH 18.2 MM.
The E&P permits for the 9 oil& gas fields will last for 20 years, but for Kniazhytska oil&gas, with its proved 0.5 bcm of natural gas, the E&P permit will be granted only for 5 years.