On September 16, 2019, in the frameworks of the fourth round of the international oil and gas auctions, JSC Ukrgasvydobuvannya won the action for a special subsoil use permit for Tatalivska block, Chernivetska region, that is promising from the oil and gas perspective.
The final cost of the lot offered by UGV made UAH 27,460,955. Once the corresponding documents are achieved, the Company will get a new subsoil area for geological study and further research and commercial development for 20 years.
The transparent mechanism of oil and gas electronic auctions has already proved its effectiveness and efficiency both for the state and industry representatives.
The development of its resource base is one of the top priorities of the Company according to the updated production program.