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Ukraine to Announce 12 Tenders for Oil & Gas Production Sharing Agreements

On 18 December 2018 the Cabinet of Ministers of Ukraine adopted resolutions, effective from 5 January 2019, to hold 12 tenders on  production sharing agreements (PSA) with respect to oil & gas production within the following subsoil blocks: 

1. Zinkivska block of 571.4 square kilometers in Sumska and Poltavska regions. The minimum investment amount ("minimum investment") at the first exploration stage to be determined by the tender may not be less than UAH 500 mln (appr. USD 17.667 mln). Other tender terms are available following this link

2. Ugnivska block of 967.44 square kilometers in Lvivska and Ivano-Frankivska regions. The minimum investment may not be less than UAH 600 mln (appr. USD 21.201 mln). Other tender terms are available following this link.

3. Buzivska block of  669.65 square kilometers in Kharkivska and Dnipropetrovska regions.  The minimum investment may not be less than UAH 600 mln (appr. USD 21.201 mln). Other tender terms are available following this link.

4. Berestyanska block of 286.38 square kilometers in Lvivska and Kharkivska regions.  The minimum investment may not be less than UAH 450 mln (appr. USD 15.901 mln). Other tender terms are available following this link

5. Okhtyrska block of 717.25 square kilometers in Sumska, Poltavska and Kharkivka regions. The minimum investment may not be less than UAH 600 mln (appr. USD 21.201 mln). Other tender terms are available following this link

6. Sofiivska block of 2,715.95 square kilometers in Chernihivska, Sumska and Poltavska regions. The minimum investment may not be less than UAH 1 bln (appr. USD 35.335 mln). Other tender terms are available following this link

7. Rusanivska block of 766.56 square kilometers in Sumska and Poltavska regions. The minimum investment may not be less than UAH 800 mln (appr. USD 28.268 mln). Other tender terms are available following this link

8. ​​Balakliiska block of 1,119.25 square kilometers in Kharkivska region. The minimum investment may not be less than UAH 800 mln (appr. USD 28.268 mln). Other tender terms are available following this link

9. Ichnianska block of 2,477.65 square kilometers in Chernihivska region. The minimum investment may not be less than UAH 1 bln (appr. USD 35.335 mln). Other tender terms are available following this link

10. Ivanivska block of 841.61 square kilometers in Kharkivska region. The minimum investment may not be less than UAH 800 mln (app. USD 28.268 mln). Other tender terms are available following this link.

11. Varvynska block of 3,471.26 square kilometers in Poltavska and Chernihivska regions. The minimum investment may not be less than UAH 1 bln (appr. USD 35.335 mln). Other tender terms are available following this link.

12. Grunivska block of 1,108.36 square kilometers in Sumska and Poltavska regions. The minimum investment may not be less than UAH 850 mln (appr. USD 30.035 mln). Other tender terms are available following this link.

The amount of total investments for each block, including those necessary for commercial development, will be determined by the results of respective tender. 

Within two months from 18 December 2018 the Interagency Committee on organization of execution and implementation of production sharing agreements shall prepare and approve the tender documentation and publish tender announcements. 

Thereafter bidders will have three months to prepare their tender bids. The tender participation fee is UAH 300,000 (appr. USD 10,500). 

For further information please contact Asters' senior partner Armen Khachaturyan or partner Yaroslav Petrov.

 
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