Business news from Ukraine

Business news from Ukraine

ZAKHIDNADRASERVICE WANTS TO SIGN PSA AGREEMENT FOR DRILLING IN 6 FIELDS

24 January , 2018  

Zakhidnadraservice LLC (Bohorodchany, Ivano-Frankivsk region) of businessman Zinoviy Kozytsky wants to develop six fields in Ivano-Frankivsk and Lviv regions under product sharing agreements (PSA), the press service of the Energy and Coal Industry Ministry of Ukraine has reported.
The press service said that a working group of the interagency commission for signing PSA will consider the application of the company within two weeks.
The application was submitted for the fields Uhnivska, Lypnykivska, Tysovetska, Tershakivska, Dibrovska and Sadzhavska.
As reported, in March 2016, Zakhidnadraservice offered the largest price of UAH 2.322 million for a license to develop Bystritska oil and gas field in Lviv region at an auction held by the State Service for Geology and Deposits of Ukraine.