Tenders for 12 oil and gas production sharing agreements are to draw up to $2 billion in investment

Tenders for 12 oil and gas production sharing agreements are to draw up to $2 billion in investment for exploration and production, predicts Igor Nasalik, Minister of Energy and Coal Industry. The tenders are to held in the first half of 2019 for fields in Chernihiv, Ivano-Frankivsk, Kharkiv, Lviv, Poltava, and Sumy regions. Nasalik estimated total deposits at 800 million barrels of oil. By 2022, he predicts, 40 million barrels could be produced.