Today, the third round of oil and gas online auctions has been launched.

Nine onshore blocks were offered in three regions of Ukraine, covering over 1 260 sq. km. All licenses are proposed for exploration and production of hydrocarbons for a period of 20 years. The undiscovered oil and gas resources of all blocks are officially estimated as inferred (yet-to-find).

Online auctions will be carried on at the ProZorro.Sale e-platform. The company, which submits the highest cash bid will be awarded lease rights for a concession license.

Investors will have 90 calendar days to pass the registration and submit a bid by 18 of June, 2019. The names of the applicants are kept in the confidence till the end of the auction.

For more information, please follow the link goukrainenow.com