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Attracting quality investors in the Ukrainian oil and gas sector

29 July 2019This year, the government launched a tender for entering into a production sharing agreement (PSA) for the Dolphin oil and gas site on the Black Sea shelf. Only four proposals were received for two months from Caspian Drilling International Ltd., Frontera, Trident Black Sea and Ukrnaftoburinnia PrJSC. The interagency commission could not decide on the winner of the tender until Azerbaijani Caspian Drilling International Ltd. has withdrawn from the tender. After that, Trident Black Sea owned by Ilya Ponomarev, former member of the Russian Duma, was announced a winner. The results of the tender for Dolphin development were criticized by the Association of Gas Producers of Ukraine. And Volodymyr Groysman, Prime Minister, said he would propose to conduct the tender anew as he hoped for a more representative and competitive tender. So how should you find reliable investors in the gas production sector? The main characteristics that should be taken into account when the state enters into an agreement with an investor for 50 years.

Ukrainian natural resources: reforms to be continued

11 April 2019The increase of own oil&gas production is not only a contribution to energy security of Ukraine, but also an opportunity for the development of economy, of the own energy market. This fact becomes more and more obvious, however only in recent years significant steps have been taken to implement this strategic course.

Prospects For Achieving Energy Independence In Terms Of Gas Industry

24 January 2019Nowadays energy security is one of the most important priorities of Ukraine, with natural gas market included. Current gas imports covered by the domestic gas production capacity will allow Ukraine to be independent from the export market conditions, significantly decrease the currency market pressure, and get rid of the Russian Federation’s black marketeering.