15:55 20.03.2019

Nasalyk: foreign companies interested in development of hydrocarbon fields in Ukraine on PSA terms

1 min read
Nasalyk: foreign companies interested in development of hydrocarbon fields in Ukraine on PSA terms

Ukraine's Minister of Energy and Coal Industry Ihor Nasalyk has stated that foreign companies are interested in developing hydrocarbon sites in Ukraine under the terms of product sharing agreements (PSA).

"I can say beforehand: there is interest from American, British, Norwegian and Canadian firms," he told reporters after a government meeting.

As reported, Ukraine announced 12 tenders for signing production sharing agreements for the development of hydrocarbon deposits.

The following deposits are put up for auction: Hrunivsky, Varvynsky, Rusanivsky, Okhtyrsky, Buzivsky, Zenkivsky, Ivanivsky, Ichniansky, Balakleisky, Sofiyevsky, Berestiansky, and Uhnivsky. The fields are located in Ivano-Frankivsk, Lviv, Poltava, Chernihiv, Sumy, and Kharkiv regions.

The term of PSAs is 50 years. Applications for participation in the tenders are accepted within three months from the date of publication of the announcement of their conduct. It is assumed that the state's share in profitable products should be at least 11% of its total volume, the maximum investor's share is 70% of total production (until full reimbursement for investor expenses).

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