Cadogan Petroleum subsidiary Yusenko Nadra LLC has received permission to continue work at the Blazhivske field. Chairman of the State Service of Geology and Subsoil of Ukraine Roman Opimakh approved an order to grant special permits for the production of hydrocarbons without an auction. It is reported by Expro.
A special permit is granted without an auction due to the fact that Yusenko Nadra, at its own expense, has already carried out geological exploration of the subsurface site and the calculation of mineral reserves, and at the same time it has filed documents in advance for a special permit for mining of the corresponding field.
The specialized commission must calculate the cost of the special permit that the applicant pays within 30 calendar days. After that, the applicant enters into an agreement with the State Service of Geology and Subsoil on the conditions for the use of subsoil and receives special permission.
The company hopes that the procedure will be completed before the end of the week, and hydrocarbon production at the field will recover.
Cadogan Petroleum is a British oil and gas company listed on the London Stock Exchange and has been operating in Ukraine since 2006. The company is engaged in geological exploration and operation of licensed sites in Ukraine. The current production activities of the companies of the Cadogan group are concentrated in Lviv region.
Recall that the British oil and gas company Cadogan Petroleum temporarily suspended production in Ukraine, because it did not receive an extension of the license for work. Yusenko Nadra filed an application with the State Service of Geology and Subsoil of Ukraine almost five months before the expiration of the previous special permit for the development of the field.
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