Ukraine needs investment and gas, but the doors are locked and there is no one to talk to - Kobolyev

The Head of Naftogaz, Andriy Kobolyev, once again draws attention to the delay in the process of concluding production sharing agreements (PSAs), according to his Facebook page.

Recall that Ukrgasvydobuvannya JSC, part of the group of companies of Naftogaz of Ukraine NJSC, together with the Canadian Vermilion won PSA tenders for 4 oil and gas areas more than a year ago, but contracts for work on these areas have not yet been signed.

The head of Naftogaz noted:

“Together with our partner, we are ready to invest UAH 3.6 billion in the development of Balakliyska, Ivanivska, Berestyanska and Buzivska areas over five years. Potential reserves in these areas are estimated at about 50 billion cubic meters.

This is exactly the kind of Ukrainian-foreign investment that attracts international experience and technologies for Ukraine’s energy independence. The only fly in the ointment is that we won the tender over a year ago. But we still can’t even sign a contract to work on these areas.

Over the past year, we and other winners of the tenders have repeatedly met with representatives of the government (I think each time with new ones) and unsuccessfully tried to agree on the texts of the agreements.

In fact, the absence of a single responsible and authorized person indescribably delays any agreement."

18:05 / 24 July 2020

Upcoming events
09:00 / 23 September, 2021
09:00 / 20 May, 2021
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.
ODESA OFFSHORE CONFERENCE-2019
All events