Today UGV has conducted the round table dedicated to launching its PEC pilot project on the production enhancement at its mature and depleted fields. The company management has invited the oil and gas companies to express their of Interest for participation in the project of gas production enhancement.
Three gas field clusters with relevant ground infrastructure will be the subjects of separate contracts, to be operated under PEC services contracts with UGV retaining full ownership of licenses and operated assets.
The prospective UGV partner (-s) will be supposed to run substantial investment program and upstream operations with objective of maximizing the net pay of hydrocarbons under the terms that are beneficial for both parties.
The meeting enjoyed the attendance of over 70 members of the oil and gas companies and the media.
Please see attached the presentation describing the details of UGV objectives, general criteria for contractor, preliminary contract terms and timeline of the project. Please also find the video footage of the live presentation at the web link.
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