Following the qualification results, 4 oil and gas companies were allowed to participate in the tender for conclusion Production Enhancement Contract (PEC) in two gas field groups (clusters) in the Western region.

The pre-qualified companies include three international ones: Baker Hughes LLC (a subsidiary of the American corporation Baker Hughes, a GE company LLC), the Chinese consortium of Xinjiang Beiken Energy Engineering and Zhongshi Shengli Oil Engineering, the Romanian Expert Petroleum Solutions SRL, as well as a joint Ukrainian-British venture – JV Poltava Petroleum Company.

The next step is to sign an agreement on non-disclosure of trade secrets with each qualified participant, after which they will be given access to a virtual data room containing comprehensive project information.

After reviewing the information (for up to 3 months), participants must submit their commercial offers regarding the terms of cooperation in the specified clusters (lots), separately for each of them. After examining the commercial offers and the additional round of commercial negotiations with the participants, UGV will determine the winner(s) separately for each of 2 lots for conclusion of the contract and further cooperation on the project.

Following the pre-qualification results, Andrew Favorov, Head of the Integrated Gas Business Division of Naftogaz Group, said: “Ukrgasvydobuvannya still strives to cooperate both with leading international oil service companies and operating companies, and leading regional oil and gas companies. Despite recent milestone agreements with Halliburton (USA) and Vermilion (Canada), we are not ready to rest and continue to do our best to involve high-quality partners, their expertise and technologies in order to increase production, increase efficiency and build competencies of the company. I would like to emphasize once again that we are completely open for business“.

It should be reminded that at the beginning of April, Ukrgasvydobuvannya re-launched PEC project to enhance production in deposits in Western Ukraine. Following the project results, it is planned to sign a contract with two companies for each group of deposits, within which the existing UGV production infrastructure will be transferred to the partners in order to implement an investment program to increase gas production.