Slovak Nafta ready to invest up to $200 mln in development of Yuzivska field

16:22, 23.02.2018 1 min read

The Slovak company Nafta intends to take part in the development of Yuzivska deposit (Kharkiv and Donetsk regions), the press service of the Association of Gas Producers of Ukraine has said, with reference to the head of the Nafta exploration and production department, Jozef Levoca.

"The representatives of Nafta [at a meeting with the association] told about their plans to participate in the project on implementing the production sharing agreement and readiness to drill at least 15 new wells on Yuzivska site and invest up to $200 million in exploration in the first five years," the association said.

As reported, the leading Slovak oil and gas company Nafta and Cub Energy (the United States) intend to drill their first well on Uzhgorod gas deposit in 2018. Nafta acquired 50% in Uzhgorod gas area from Cub Energy in summer 2016.