Auctions for the sale of eight oil and gas sites did not take place

Electronic auctions for which the State Service of Geology and Subsoil of Ukraine in April put up for sale 8 oil and gas fields with a total initial cost of more than UAH 330 million, did not take place due to lack of demand. It is reported by Expro.

The State Service of Geology and Subsoil reports that they plan to re-arrange these 8 objects for a repeated online auction in 3 days with an initial cost half as low, and to conduct an online auction, if there are proposals for these areas, in a month.

Recall that in April, the State Service of Geology and Subsoil of Ukraine published 18 new lots, including 8 oil and gas facilities at the public procurement site ProZorro.Sales.

It was previously reported that the head of the State Service of Geology and Subsoil Roman Opimakh 2019 introduced the Investment Atlas of the Subsoil User in December.

Tags: The Cabinet of Ministers, gas, oil, hydrocarbon production, legislation, gas production, добыча нефти, Prozorro, GTS, Public Service of Geology and Subsoil of Ukraine, Oil refinery plant, Gas processing plant, Opimakh, Gas market, stocks, price, volumes, oil products, well, field, auctions, infrastructure, energy sector, oil companies, Buslavets, The Ministry of Energy, economy, market, oil and gas industry, oil production, gas production, gas transmission system

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