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Asters has significant experience in advising international and domestic clients on various issues related to oil & gas production. Our experience in production sharing agreements is unique. Moreover, in addition to upstream-related projects we advise clients on the import of natural gas to Ukraine and on related trading and storage operations. 

In addition to our expertise in these general matters, we are well known for our innovative solutions to  complex legal problems, from offshore exploration to public-private partnerships. We provide a full range of legal services in natural resources, mining, and in the oil and gas industries.

Representative experience:

We advise major corporations on a wide range of legal matters:

  • Nadra Yuzivs'ka LLC in connection with the negotiation and execution of the Production Sharing Agreement between Ukraine, Shell, and Nadra Yuzivs'ka LLC for hydrocarbons to be produced at Yuzivs'ka;

  • Nadra Oles'ka LLC in connection with the negotiation of the Production Sharing Agreement between Ukraine, Chevron, and Nadra Oles'ka LLC for hydrocarbons to be produced at Oles'ka;

  • NAK Nadra Ukrayny in connection with the negotiation of the Production Sharing Agreement between Ukraine, ExxonMobil, Shell, OMV Petrom, and NAK Nadra Ukrayny for hydrocarbons to be produced at Skifs'ka;

  • RUSAL, one of the world's largest aluminium producers, in the multibillion-dollar merger of RUSAL, SUAL, and Glencore International AG. We also advised RUSAL in preparing their 2010 IPO on the Hong Kong Stock Exchange;

  • Azov Oil Company in connection with the mortgage of the oil tank farm and oil refinery in Mariupol, Ukraine;

  • Mountfield Commodities Ukraine in connection with the construction of a gas condensate processing plant;

  • KazMunaiGaz, the Kazakhstan state oil and gas company, regarding a joint venture with Naftogaz Ukrainy;

  • Regal Petroleum Corporation in connection with (i) the exploration and production of natural gas and gas condensate in the Poltava region, Ukraine; (ii) litigation regarding the licensing and title to gas producing assets;

  • Global Geo Services ASA in connection with offshore exploration;

  • Huffco Corporation on the establishment of a joint venture with Chornomornaftogas for the exploration and production of oil and gas deposits on the shelf of the Azov Sea;

  • Marathon Oil Company in connection with offshore oil exploration and production in Ukraine based on a product sharing agreement;

  • OMV, an Austrian oil & gas company, on the establishment of a joint venture with Chornomornaftogas for offshore gas exploration and production;

  • PetroSantander, a US oil & gas company, in connection with exploration and production licensing issues;

  • Rohöl-Aufsuchungs AG (RAG), an Austrian oil & gas company, in connection with (i) the formation of an oil & gas joint venture in Ukraine; (ii) the exploration, production, licensing, transportation, transit, and export of natural gas;

  • Rolls-Royce Power Venture Ltd with regard to (i) the production, transportation, and transit of natural gas; (ii) product sharing agreements;

  • A major US oil & gas company in connection with issues related to a production sharing agreement;

  • Ukrainian independent oil & gas producers on the conversion of joint activity agreements into production sharing agreements and also on other upstream-related issues;

  • Advised international traders on the import of natural gas, establishing businesses in Ukraine, and on licensing.