Service Oil will perform hydraulic fracturing for UGV for UAH 117 million

A subsidiary of Belorusneft - Service Oil LLC won the tender of Ukrgasvydobuvannya JSC (UGV) for hydraulic fracturing (frac) at its fields at a cost of UAH 117 million (including VAT), with the expected cost of UAH 157.5 million (including VAT).

This is reported in the ProZorro system on April 14, 2020.

Three foreign companies participated in the auction of this tender: Turkish ProductionSolutionsInternational, representative of the Romanian Tacrom - Tacrom Ukraine and the winner with the lowest bid – Belarusian oilfield service company Service Oil.

This tender was announced on March 19, 2020, and provided for the order of hydraulic fracturing services with a volume of 40 well-operations with a deadline for work completion on April 15, 2021.

EхPro Reference

Service Oil LLC is a subsidiary enterprise of Belorusneft RUE in Ukraine, founded in 2012. The company is the winner of seven purchases of Ukrgasvydobuvannya in the ProZorro system, with a total cost of UAH 899.4 million.