Ukrgazvydobuvannia signs UAH 4 bln drilling contracts with Chinese companies

10:14, 29.08.2018 1 min read

PJSC Ukrgazvydobuvannia has signed contracts with Xinjiang Beiken Energy Engineering (XBEE) and Zhongman Petroleum and Natural Gas Group (ZPNGG) to drill 36 wells for UAH 4.032 billion.

According to a report in the ProZorro e-procurement system, at the end of July the contract with ZPNGG for UAH 723.52 million was signed (lot 7), and the contract with XBEE for UAH 3.308 billion (lots 1-5) was signed at the end of August.

The company rejected the proposal of Energofinance LLC for lot 6 and plans to sign a contract with XBEE for UAH 776.991 million.

As reported, Ukrgazvydobuvannia announced a tender for drilling 42 more wells at the end of December 2017. The tender was held early February.

The strategy of the company until 2020 envisaged the increase in gas production from 14.5 billion cubic meters in 2015 and 2016 to 15.2 billion cubic meters in 2017, 16.5 billion cubic meters in 2018, 18.3 billion cubic meters in 2019, and 20.1 billion cubic meters in 2020.