Ukrgasvydobuvannya Worried About Delay of Government Decision to Postpone Submission of Applications for PSA

 The lack of a decision by the government to delay the submission of applications for PSA competitions threatens to disrupt them. It is published on Ukrgasvydobuvannya`s a Facebook page.

The UGV recalls that the deadline for submissions is November 4, however, according the international experience of conducting such competitions, it takes more time for participants to qualitatively prepare the package of documents.

The Ministry of Energy make advances of investors, and proposed to extend the deadline until February 4, 2020, but the Cabinet has not made the appropriate decision yet, notes UGV.

 “The preparation this type of documentation requires careful approval within the company. Potential investors have planned this process, according to public statements from representatives of the Ministry of Energy. If the deadline is not published, there is a risk that there will be no application for participation in the competition, ”the statement of the largest gas company states.

It should be recalled, in August the Government announced 3 PSA contests on Grunivsk, Ichniansk and Okhtyrsk Areas. At the end of October, Roman Opimakh, executive director of the Association of Gas Producers of Ukraine (AGPU), announced that the Cabinet of Ministers extended the deadline for submitting applications for PSA tenders by 3 months, but there was no official government decision.

16:19 / 31 October, 2019

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.
Carpathian Oil&Gas Conference-2019
All events