Ukraine has launched its first round of international O&G auctions

Ukraine has launched its first oil and gas licensing round online. Ten parcels were put up for the first round of international oil and gas auctions in the ProZorro.Sale system.

 

“In the future, we plan to put up from five to ten monthly, and this will include not only oil and gas, but also different deposits with various minerals. In 2019, we plan to hold more than ten auctions online, “- said the Acting Chairman of the State Geological Service of Ukraine Oleg Kyrylyuk.

 

First Deputy Minister of Economic Development and Trade of Ukraine Maksym Nefyodov said: “The launch of transparent oil and gas licensing rounds is a significant step forward in the reform of public sales. ProZorro. Sale System is already successfully selling the assets of banks, state-owned companies, utilities, and is fully ready to sell oil and gas licences”.

 

Executive Director of the Association Roman Opimakh noted that next year oil and gas auctions would take place in 15 countries. “Fierce competition in the world requires Ukraine to make every effort to compete for investors and be interested with our proposals of parcels.

 

“I am sure that the key to the successful conduct of oil and gas licensing rounds in Ukraine is their promotion on the international level, as well as effective communication with the bidders with the involvement of the highest state officials.”

 

“We invite all interested buyers not to delay and register on the platforms, study lots and prepare for the first electronic auctions,” – said Acting Director of the State Enterprise “ProZorro.Sale” Oleksiy Sobolev.

 

The State Geological Service has prepared 30 oil and gas blocks in ten regions of Ukraine for online actioning at Prozorro.Sale.

 

The total acreage of the parcels is 4,63 Mkm2. Auctions will take several rounds.

 

Source: OGLinks