Repeated auctions for eight oil and gas fields will be held on August 6

On Thursday, August 6, re-auctions will take place for eight oil and gas fields at a 50% discount to the original cost. This was announced by Head of the State Service of Geology and Subsoil of Ukraine Roman Opimakh.

He recalled that the previous auction a month ago did not take place due to the absence of those wishing to take part in the competition for the right to use the subsoil. These fields will be on sale for the fourth time starting in 2019.

“All eight objects were nominated by subsoil users to be put up for e-auctions six months ago. The fall in hydrocarbon prices and the global crisis caused by the pandemic had a negative impact on the energy market and, in particular, caused a decrease in interest in oil and gas fields,” he said.

Trades will take place on Prozorro.Sales.

List of hydrocarbon lots to be re-auctioned on August 6, 2020:

Tags: The Cabinet of Ministers, Gazprom, gas, contracts, oil, hydrocarbon production, legislation, Top management, energy market, gas production, добыча нефти, Prozorro, GTS, drilling, Public Service of Geology and Subsoil of Ukraine, Oil refinery plant, Gas processing plant, Opimakh, Gas market, price, agreement, oil products, well, field, auctions, infrastructure, energy sector, oil companies, economy, market, oil and gas industry, oil production, gas production, supplier, consumers

Read also

Turkey may revise prices for Russian gas
Top shipping insurance group will not cover ships linked to Nord Stream 2
Polish PGNiG will buy shares in Norwegian fields