On January 29, The Ukrainian Gas E&P Forum was held in London, which became important event for promoting oil and gas online auctions and PSA tenders in the international arena.

The event was organized by Strategy Council with the support of the Association of Gas Producers of Ukraine, the National Investment Council under the President of Ukraine, UkraineInvest and the Embassy of Ukraine to the UK.

A powerful Ukrainian delegation, consisting of representatives of the Government and the Parliament, heads of the branch association, gas producing companies, investment and government agencies, told about the potential of Ukrainian gas producing industry and investment opportunities. In particular, these are oil and gas online auctions, PSA tenders and PEC service contracts.

It is nice that among the Forum participants were such leading companies as ExxonMobil, Shell, Perenco, INA, Cogent Petroleum, Sand Hill, Viking International, as well as service providers - Baker Huges, Halliburton, Schlumberger, Socar.

Within the framework of the Forum, the 2nd round of oil and gas online auctions was launched. 7 blocks in 5 regions with an area of over 1000 sq .km are put up for the auction. All licenses are for exploration and production for a term of 20 years. Investors will have 90 calendar days to view and submit a competitive bid. Definition of winners - May 2, 2019.

"2019 will become significant for domestic gas production. Today, the State Geological Service announced the 2nd round of international auctions, having put up 7 blocks, in general, current year Ukraine will offer more than 40 oil and gas blocks on online auctions and PSA tenders that is an undisputed record. Our country is ready to attract investments and modern technology into the industry and the scale of the proposals and the variability of forms of cooperation is confirmation of this.
The world should know that our country is a reliable partner for investors who can be trusted. A partner who thinks progressively and ready to learn quickly, implementing the best industry practices from around the world",  said Roman Opimakh, executive director of the Association of Gas Producers of Ukraine.

More information about licensing rounds can be found on the English-language portal GOukraineNOW.com