Public Joint Stock Company "Ukrnafta" offers 21 fields for joint development and invites investment and production companies to collaborate.
This encompasses 10 fields in the western region and 11 in the eastern region of Ukraine.
The company aims to fully unlock the potential of its existing fields with sufficient reserves but low production rates. Therefore, the partners should be ready to invest funds and technology in exploration and production.
"Talking about 2P reserves, that is, proven and probable reserves, there are over 12 million tons of oil and over 31 billion cubic meters of gas," notes Sergii Koretskyi, CEO at UKRNAFTA.
Options for contracts following global best practices have already been prepared. Preference is given to Product Sharing Agreements. Ukrnafta will contribute to its existing field and the right to use the existing production infrastructure, while the partner's contribution will include a prepared field development plan to intensify production and the financing of relevant work.
The application and selection process for potential investors is as follows:
-
Candidates express their interest.
-
They undergo compliance procedures.
-
They access the Virtual Data Room with detailed information about the fields.
-
They submit development plans and collaboration terms proposals.
-
Ukrnafta evaluates the proposals, conducts negotiations, and selects winners individually for each field.
-
Both parties agree on the final text of the Product Sharing Agreement.
-
The agreement is approved by the Cabinet of Ministers of Ukraine.
-
The development plan is implemented, and profits are distributed in accordance with agreed-upon terms.
Applications can be submitted by January 10, 2024, using the following contact channels:
+38 044 506 10 69
(Oleksii Zinkov, Director of the Strategy and Investment Department).
