SIGMABLEYZER COULD SET UP FUND FOR INVESTMENT IN ENERGY SECTOR, GAS PRODUCTION IN UKRAINE

Business news from Ukraine

SIGMABLEYZER COULD SET UP FUND FOR INVESTMENT IN ENERGY SECTOR, GAS PRODUCTION IN UKRAINE

7 Dec , 2017  

KYIV. Dec 7 (Interfax-Ukraine) – SigmaBleyzer Investment Company is studying the possibility of creating an investment fund in Ukraine that will be oriented to the energy sector, in particular gas production, Vice President of SigmaBleyzer Ukraine Vadym Bodayev has said.
“SigmaBleyzer plans to involve in partnership a Texas-based operator company that owns more than 200 wells in the United States, uses a unique technology and has more than 50 years of production experience,” he said after signing a memorandum of cooperation with the Association of Gas Producers of Ukraine in Kyiv.
According to Bodayev, the Texan company, whose name he did not specify, estimates the Ukrainian gas production market as very promising and will act as an operator of the project, while SigmaBleyzer will be a financial investor.
“At the initial stage, we plan an investment of $100 million,” he said.
Bodayev said SigmaBleyzer is currently negotiating with several companies that have a license to use subsoil for gas production in Ukraine for their purchase.