SSGS agreed to extend Cadogan license for Blazhivske field

Head of the State Survey of Geology and Subsoil of Ukraine (SSGS) Roman Opimakh approved the order to grant a license for the extraction of hydrocarbons at the Blazhivske field without an auction to the subsidiary of Cadogan Petroleum LLC - YusenkoNadra.

The corresponding order of the SSGS No. 431 was issued on November 22, 2019, taking into account the proposals of the Working Group on Mineral Rights. Opimakh also instructed the management of the licensing and auctioning group to take the necessary measures to grant a license.

The license is granted without holding an auction due to the fact that YusenkoNadra has already, at its own expense, carried out a geological exploration of the subsoil and the estimation of mineral resources, and filedan application for a license for the production of mineral resources of the respective fieldin advance.

13:05 / 26 November, 2019

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