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Ukraine announces PSA tenders for 12 oil and gas fields

28 January 2019

On 5 January 2019 entered into force Resolutions passed by the Cabinet of Ministers of Ukraine on 18 December 2018 (the 'Resolutions') approving tenders for execution of production sharing agreements (the 'PSAs') with the State of Ukraine for 12 oil and gas blocks.

Since this is the first time since 2012 that new oil and gas blocks are being offered to investors under PSAs, these resolutions represent a significant development for the Ukrainian oil and gas sector. 

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Publication
Ukraine PSA tenders 2
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Authors

Picture of Vitaliy Radchenko
Vitaliy Radchenko
Partner
Kyiv (CMS CMNO)