Business news from Ukraine

Business news from Ukraine

UKRGAZVYDOBUVANNIA AND VERMILION FROM CANADA SUBMIT JOINT BIDS TO DEVELOP FOSSIL FUEL FIELDS

3 June , 2019  

JSC Ukrgazvydobuvannia and Vermilion Ukraine Exploration have submitted joint application for developing four fossil fuel fields under product sharing agreements (PSA).
According to information presented at a meeting of the interdepartmental commission for organizing the signing of PSA, these are two joint bids for Sofiyivska, Ivanivska, Zinkivska and Balakliyska.
Vermilion Ukraine Exploration is a resident representation of Vermilion oil and gas company based in Canada.
Ukrgazvydobuvannia, fully owned by Naftogaz Ukrainy, is the country’s largest gas producing company, providing about 75% of the country’s total gas production.

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