Ukrnafta invites investors to cooperate in the development of oil and gas fields

Ukrnafta PJSC invites potential investors to cooperate in the development of the company's oil and gas fields. Ukrnafta General Director Sergiy Koretskyi reports this.

According to Koretskyi, the company's oil and gas production rate has been decreasing in recent years. With underfunding and outdated equipment, it was possible to restrain the natural rate of production decline partially, but there was no increase.

"Currently, the growth of production is an ambitious task, based on serious planned work, which requires time, significant investments, and partners who will help implement modern technologies," says Koretskyi.

Ukrnafta is preparing draft agreements for potential investors. These are contracts based on the best global practices and considering the norms of Ukrainian legislation this is the Product Sharing Agreement (PSA) and the Risk Service Agreement (RSA).

The company created a Virtual Data Room, where every company that wants to invest in the exploration and development of Ukrnafta deposits can get comprehensive geological and industrial information about the proposed deposits.

After the preparation of the package of preparatory documents is completed, Ukrnafta will announce an open tender for investors who have passed the compliance procedure for joint projects in field exploration and development.