Ukrgazvydobuvannia wins at auction to use Lypovetske condensate field for UAH 15.1 mln

09:20, 26.10.2018 1 min read

JSC Ukrgazvydobuvannia has been announced a winner of the auction held by the State Service for Geology and Deposits to sell a license for the use of Lypovetske gas condensate field (Lviv region). The company offered UAH 15.1 million for the license.

The authority reported that the sum is more than four times larger than the starting price – UAH 3.5 million.

Stryinaftogaz LLC (the founders of the company are Petro Hryniv, Oleh Kurochkin and Yuriy Petrushko) won at an auction to receive the license for the Chernystia gas condensate field (Lviv region). The company offered UAH 2.04 million for the license.

Five more companies participated in the auction.

This was the first auction to sell licenses for the use of oil and gas field in the past two years. Ukrgazvydobuvannia said that for the company it was the first auction in the past 10 years.