On December 31, with the participation of the Prime Minister of Ukraine Denys Shmyhal, production sharing agreements were inked regarding 7 blocks: Sofiyivska, Uhnivska, Balakliyska, Ivanivska, Zinkivska, Buzivska, Berestyanska. Transparent tenders for concluding relevant agreements were hold in 2019.
The Prime Minister noted that the signing of the PSAs will demonstrate international investors Ukraine’s attractiveness for investment and that the Government is fulfilling its commitments. In addition, Denis Shmyhal added that this is an extremely important step for energy independence and energy self-sufficiency, as the development of these fields will help significantly increase gas production.
"Apart from investments, the state will receive hundreds of new high-paying jobs, a significant share of the extracted resource and considerable tax revenues", the Prime Minister said.
The Association of Gas Producers of Ukraine congratulates Ukrgasvydobuvannya (Naftogaz Exploration and Extraction), DTEK Oil&Gas, Geo Alliance Group and Zakhidnadraservis on this landmark event and wishes successful implementation of ongoing oil and gas projects.
It shall be recalled, that the transparent tenders for the conclusion of production sharing agreements took place in 2019. Among the winners are: Ukrgasvydobuvannya (Naftogaz Exploration and Production will develop Buzivska, Berestyanska, Balakliyska and Ivanivska blocks), DTEK Oil&Gas (Zinkivska block), Geo Alliance Group (Sofiyivska field), Zakhidnadraservis (Uhnivska block).