DTEK Oil&Gas, responsible for oil and gas segment in the DTEK Group, after signing a product sharing agreement (PSA) for the Zinkivska field (Poltava region) will invest UAH 1.2 billion in its exploration and development, the company’s press service has reported.
DTEK plans to re-process and re-interpret data from previously conducted seismic surveys and gas-dynamic well surveys, 3D surveys, and drill three cat wells in this area. The planned start of production is the second year since the start of work.
As reported, on July 1, the intergovernmental commission on PSA prepared proposals for the winners of nine continental fossil fuel fields put up for competition for the Cabinet of Ministers. The conclusions of the commission are advisory in nature. The final decision is to be made by the government, which must approve the results of the competition by the adoption of relevant documents.