GBL-1 of ZNS Group acquired the Ostrivska area for UAH 555 million

On December 11, 2025, GBL-1 LLC (Geological Bureau Lviv - 1) of Zakhidnadraservice Group acquired a special permit for the use of subsoil of the Ostrivska area in the Lviv region for UAH 555.01 million (excl. VAT) at an auction held by the Ukrainian Geological Survey. This is evidenced by the auction results, ExPro reports.

The starting price of the area was UAH 105.28 million (excl. VAT). Three participants competed for the lot: state-owned Ukrgasvydobuvannya, Poltava Petroleum Company, and GBL-1 of ZNS Group, which won by beating competitors by UAH 10,000. Thus, the cost of the area increased more than 5 times compared to the initial value. The validity term of the special permit is 20 years. The area size is 121.85 sq km.

The Ostrivska area is located within the Yavoriv and Sambir districts of the Lviv region. The Pynyanske, Zaluzhanske, Niklovytske gas fields, and Makunivske gas condensate field are located near the area. The initiator of the bidding was Nordic PE of Zakhidnadraservice Group.

In total, on December 11, the Ukrainian Geological Survey offered 4 oil and gas licenses for sale: Novodykanska, Ostrivska, Veneslavivska, and Ispaska. The auction for the Ispaska area was cancelled before bidding began. The auction for the sale of the Veneslavivska area did not take place due to the lack of proposals from buyers.

As reported by ExPro, Nadra-Geoinvest acquired the Lyubynetska area in the Lviv region for over UAH 110 million in early December.

Zakhidnadraservice

According to the YouControl analytical platform, GBL-1 LLC was created at the end of November 2025, likely specifically for the State Service of Geology and Mineral Resources auction. The founder of GBL-1 is Geological Bureau Lviv LLC, the ultimate beneficial owners of which are Zinovii Kozytskyi (20%) and Karel Komarek (80%), Czech Republic.

Zakhidnadraservice Group is the largest private gas producer in the Western oil and gas region of Ukraine. In the summer of this year, the company overtook Ukrnaftoburinnya for the first time, entering the Top-4 private gas producers in Ukraine.

According to ExPro, the company produced 41 mcm of natural gas in October 2025, a record in the history of Zakhidnadraservice. In January-October 2025, the company produced nearly 350 mcm of natural gas, 1.6 times more than in the corresponding period last year.