Tysagaz resumes gas production
In mid June 2018 the Tysagaz LLC resumed gas production in Zakarpattia region. The production in June 2018 was 51.45 K cbm. Starting July 2018 the 24-hour production was less than 3 K cbm.
The Tysagaz LLC develops two oil&gas fields in Zakarpattia region, the Romanian-Komarivsk field ( 7 sq.km ) and the Stanivske field (127 sq. km). Additionally, Cub Energy owns 50% share in Uzhgorodske gas field, which is jointly developed with Nafta (Slovakia). Three wells are planned for drilling in 2018.
Over the last two years the Tysagaz LLC has not been producing any gas. Because of the stringent quality requirements set by Ukrtransgaz for the produced gas feed-ins into nationwide gas transportation system, in April 2016 the Tysagaz LLC stopped its gas production. At this disruption point the 24-hour production by the Tysagaz LLC was 90 K cbm.
According to the Unified Register of Individual Entrepreneurs and Business Entities of Ukraine, the founder of the Tysagaz LLC is the Cyprys-based Pi International Energy Limited with Mykhailo Afendikov as its final beneficiary. According to open sources, Mr. Afendikov is the major shareholder of the Cub Energy company headquarted in Houston, TX, USA. The Cub Energy company has the 35 % share of the Ukrainian-based oil&gas Cub-Gas, and the remaining 65 % share is owned by the Burisma Group.
The Zakarpattia-based Tysagaz LLC was bought by the Cub Energy in 2011 for $17 mil.
09:00 / 6 July 2018
Upcoming events
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.
