PJSC Ukrnafta, the largest operator in oil in Ukraine, has announced its interest in forming an exploration joint venture with international partners for developing new onshore blocks. The company invites foreign investors for joint participation in new license round, announced by the State Service of Geology and Mineral Resources of Ukraine.
The initial round for oil and gas onshore blocks is scheduled for October 25 this year. It opens for bidding 4 geographical oil and gas onshore blocks: two in Sumy oblast and two in Lviv oblast. 40 more blocks are to be offered later on. According to the State Service, the total amount of gas of 44 blocks for bidding is estimated at a trillion of cubic meters.
Inviting to the partnership in Ukraine, Ukrnafta offers foreign partners decades of experience in Ukraine, enormous understanding of Ukraine’s oil and gas basins and in-depth understanding of the legal and regulatory framework. Today the company operates 82 fields in the Eastern and Western Ukraine and has been working on the local market for more than 20 years.
For more details about Ukrnafta and the opportunities for partnership, please, read here