JSC Ukrgasvydobuvannya launches the PEC pilot project on the production enhancement at the mature and depleted gas fields.

Oct 11, 2018 | Category: Official
JSC Ukrgasvydobuvannya launches the PEC pilot project on the production enhancement at the mature and depleted gas fields.

One of the current JSC UkrGasVydobuvannya’s (UGV) strategic objectives is intensification of gas production in its mature and depleted gas fields through efficient operations and modern technologies. For this purpose UGV is seeking for cooperation with experienced Oil&Gas companies with relevant experience of production enhancement. UGV is offering cooperation within PEC (Production Enhancement Contract) framework for managing the production in particular gas field group.

Three gas field clusters with relevant ground infrastructure are 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.

This cooperation format has not yet been applied in Ukraine; therefore, UGV is pioneering new approaches in Ukrainian Oil&Gas market. It is planned to conclude one or several contracts for a period of 15 years with an option of extension for another 10 years.

The existing UGV gas fields were assessed according to the main indicators (current gas production volume, confirmed reserves, depths, drilling IRR, production/reserves ratio, liquid hydrocarbon reserves, etc.) and categorized by statistical methods into more or less homogeneous clusters, among which the ones most applicable for this particular form of cooperation t have been selected.

For a more detailed information on the project, we invite the representatives of oil and gas production companies to a round table discussion, which will be held on October 17, 2018 at 10 am in the press center of JSC Ukrgasvydobuvannya at the address: 26/28 Kudriavska str.

Participant accreditation is carried out till 2 pm on October 16, 2018, inclusive, by the following email addresses:

The letter should specify the full name, position of the visitor and company name, contact phone number. Please note that the non-resident participants are also required to attach a copy of the passport page with the basic information about the visitor.

An on-line broadcast of the round table is planned (upon request sent to the above-mentioned email addresses).

For more information, please call: +38 (044) 461-25-07; + 38 (067) 214-73-95 (Nelly Stelmakh, Advisor To The Chairman Of The Board).