Naftogaz Announces Tender for Evaluation of its Assets

Over the last hours, Ukraine demonstrated its firm intention to move closer to the European Union, both on an economic and political level. 

On Monday, Naftogaz announced a tender for independent evaluation of its onshore reserves in Ukraine, Egypt and Crimea. It also invited consultancies to assess its reserves in the Black Sea and in the Sea of Azov. 

‘Naftogaz of Ukraine has invited companies that provide geological, geophysical and related survey and consulting services to participate in an open tender for independent evaluation of hydrocarbon resources belonging to Naftogaz, Ukrgazvydobuvannya, Naftogaz’s Egyptian subsidiary (as of 31/12/2014) and Chernomorneftegaz’ reads a note released on Monday evening. 

The company wants an assessment of its oil and gas reserves, and an evaluation of the net present value of the assets. 

The tender, with an expected value of UAH 35.08 million, will be open to proposals till February 16. 

On Tuesday, the Ukrainian government stated it will stick to the recommendations to be presented in late February by a joint mission of the European Union, the United Nations and the World Bank. The mission will present its conclusions of its report intended to illustrate ways to restore peace in the country.