The government of Ukraine has announced the initial round of 4 geographical oil and gas onshore blocks open for bidding, with 40 more blocks to be offered later on (see the public announcements here and here). The deadline for submitting the applications to participate in the auction is 28 August 2018; the auction itself is scheduled for 25 October 2018.
Ukrnafta is interested in forming an exploration JV with international operators to bid in the new license round. As Ukraine’s largest operator in oil and third-largest operator in gas, Ukrnafta brings decades of experience in Ukraine, enormous understanding of Ukraine’s oil and gas basins and in-depth understanding of the legal and regulatory framework.
Companies interested should contact Jonathan Popper, EVP Strategy and Business Development at firstname.lastname@example.org by 20 July 2018. The expression of interest should include information on experience, financial capability and ownership of the company.
For more details about Ukrnafta, please see our investor presentation.