The Cabinet of Ministers approved the purchase of Nadra Yuzovska by Naftogaz

The Cabinet of Ministers of Ukraine at a meeting on Wednesday agreed on the purchase of Nadra Yuzovskaya LLC by NJSC Naftogaz of Ukraine, Interfax-Ukraine reports.

According to the Cabinet of Ministers of Ukraine's draft order, the text of which is at the disposal of Interfax-Ukraine, the price of a share in a company that owns a special permit for Yuzovske field until 2063 will be determined as a result of an assessment of the share.

The transfer of rights to a 100% stake in Nadra Yuzovska to Naftogaz will occur after the signing of the acceptance certificate, but only after obtaining the necessary permission from the Antimonopoly Committee of Ukraine (AMCU), which has already begun considering the case on the appropriate concentration.

Naftogaz will have to make payments to Nadra Ukrainy and Ukrnaukageocenter within 15 days from the date of transfer of rights to shares in Nadra Yuzovska.

Yuzovske field with an area of ​​7.886 thousand sq. km is located in the Dnieper-Donetsk oil and gas basin in Donetsk and Kharkiv regions. According to Nadra Ukrainy estimates, the area's potential exceeds 3 trillion cubic meters of gas equivalent, and the baseline scenario of its development assumes reaching an annual production of 10 billion cubic meters, while optimistic – 20 billion cubic meters.

Nadra Yuzovska has a special permit for Yuzovske field for a period of 50 years – until March 6, 2063.

Earlier, Naftogaz applied to the AMCU regarding the acquisition of corporate rights to Yuzovske field.

Tags: The Cabinet of Ministers, Naftogaz, hydrocarbon production, AMCU, negotiations, price, agreement, well, field

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