Nafta RV acquired Vatazhkivska field for 6.8 million UAH

In the fifth round of electronic auctions of the Public Service of Geology the right to acquire Vatazhkivska field was won by Nafta RV LLC, which is a subsidiary of Slovak Nafta. Vatazhkivska field is located in Poltava region, the starting price of the lot was 6.794 million UAH, the company offered 6.845 million UAH. This is reported by NefteRynok.

The term of use of this section for the purpose of industrial development and subsequent oil and gas production is 20 years.

Today, on October 30, the fifth round of oil and gas auctions started on Prozorro.Sales for 2 out of 5 oil and gas sites. The second auction will be held for Zakhidnotokarsko-Krasnianska field.

Bidding for the sale of another 3 lots (Pechenizhske-Kochetkivske, Saltovske, Knyazhinske), which were put up for sale, will not take place due to the lack of participants.

NAFTA is a Slovak oil and gas company. NAFTA operates 2.74 billion cubic meters of natural gas storage facilities in Slovakia. The company is part of EP Holding, the largest vertically integrated energy group in Central Europe, which owns 68% of its shares, 29% - belongs to the state.

Since mid-2016, NAFTA has been implementing a joint project with the Canadian company CUB Energy for gas exploration and production in Western Ukraine. During this time, 3D seismic studies were conducted and about $100 million was invested.

Recall that the decree No.848 on the introduction of online auctions for the sale of special licenses for the use of subsoil was adopted by the Cabinet on October 17, 2018. The implementation of a pilot project on electronic auctions began on October 24, 2018 and will last until December 1, 2019.

Tags: The Cabinet of Ministers, gas, contracts, oil, hydrocarbon production, tariffs, legislation, energy market, gas production, добыча нефти, Prozorro, Public Service of Geology and Subsoil of Ukraine

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