Ukraine's Second Upstream Round Draws Two
Ukraine's second online licensing round took place May 2 and six of the seven hydrocarbons blocks were purchased online by national producer Ukrgazvydobyvannya (UGV). A small private Ukrainian firm, Yedyna Oil & Gas, bagged the seventh, which was in hte west of the country, said the Association of Gas Producers of Ukraine (AGPU). It said the bidding almost doubled the price, with $3.4mn payable.
The online trade was organised by private platform UEEX under the rules and criteria of public tendering platform Prozorro ['Transparency'].
In the first licensing round March 6, three out of ten blocks were awarded, yielding proceeds over $5.2mn. Then there were different private companies: US-owned Burisma Group and local DTEK Oil & Gas, as well as state UGV.
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The third licensing round is scheduled for June 18 and nine blocks will be offered in three regions. All concession licences are for 20 years of exploration and production.