10:15 14.11.2017

Miller and Lents will conduct independent assessment of Ukrgazvydobuvannia hydrocarbon reserves

Miller and Lents will conduct independent assessment of Ukrgazvydobuvannia hydrocarbon reserves

 Miller and Lents Ltd (the United States) will conduct an independent assessment of hydrocarbon reserves and resources on 153 fields and 45 promising areas of PJSC Ukrgazvydobuvannia.

According to a report in the ProZorro system, the contract worth UAH 20.399 million (including VAT) was signed by the parties on November 9, 2017.

Bayphase Limited, DeGolyer and MacNaughton Corp., Ryder Scott Company and Sproule International Limited also took part in the trades.

According to tender documentation, reserves and resources will be assessed in accordance with the standards SPEWPC/AAPG/SPEE and the hydrocarbon resource management system PRMS as of June 30, 2017.

Ukrgazvydobuvannia, 100% owned by Naftogaz Ukrainy, is the country's largest gas producer, providing about 75% of total gas production. It also operates Shebelynka gas refinery.

Miller and Lents is an international oil and gas consulting firm that offers services and expertise at virtually all stages of exploration, drilling and exploitation of oil and gas fields.

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