The government and American Aspect Energy signed a PSA for the Varvynska area
The government of Ukraine has approved a resolution on signing the eighth production sharing agreement for hydrocarbons to be produced within the Varvynska area. The area will be developed by a foreign investor – the American Aspect Energy (in Ukraine, the company is represented as Ukrainian Energy LLC).
This is reported by specialized associations and SSGSU.
Varvynska area is located in the Poltava and Chernihiv regions and covers an area of 3,471 sq. km. According to Nadra of Ukraine NJSC, 79 abandoned wells drilled for oil and gas are located within the area. The minimum mandatory investment during the first geological exploration stage is UAH 1 billion.
It should be noted that the state-owned Ukrgasvydobuvannya (Naftogaz Group) sued the Cabinet of Ministers for the Varvynska area (Chernihiv and Poltava regions) but lost and the opportunity to sign the PSA was provided to the American Ukrainian Energy.
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.
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.