On April 24, the roundtable meeting was held during which it was announced about re-launch of PEC project on production stimulation in mature and depleted fields in the Western region. The representatives of UGV invited oil and gas companies for cooperation and qualification selection.

Following the selection results, it is planned to conclude one or several production enhancement contracts (PEC) in gas field groups (clusters) in the Western region, with the development of the relevant surface facilities and preservation of Ukrgasvydobuvannya’s absolute ownership of assets, products and licenses.

The potential UGV partner or partners are expected to implement a significant investment program and perform hydrocarbon production enhancement operations on the mutually beneficial conditions.

More than 60 representatives of oil and gas companies and media representatives attended the event.

The presentation describing the details of UGV offers and containing main blocks proposed for cooperation, as well as information on the project timeline is available at the link. The comments on the main legal aspects of the project are available at the link.

In case of any questions, please contact us by e-mail: pec@ugv.com.ua.