In early December 2019, Energy Resources of Ukraine (ERU) acquired Carpathian Industrial Group 2014 LLC, licensee for the Byblivska special permit, before divesting a partial stake to PGNiG. It is understood that PGNiG is now a 49% holder of the Carpathian Industrial 2014 joint venture (JV) with ERU retaining 51% majority stake. Byblivska covers 85 sq km in the North Carpathian Basin of western Ukraine, and lies adjacent to the S & SW of Khidnovytske Field, and S of PGNiG's Przemysl Field. Przemysl has produced 2.3 Tcfg from 30 Badenian-Sarmatian (Miocene) sandstone reservoir horizons since 1960, and current output averages just under 50 MMcfg/d, with estimated remaining recoverable reserves of over 320 Bcfg plus further contingent resources of 700 Bcfg (2C) subject to appraisal. This includes the VIIIa horizon discovered by the Przemysl 290 development well (2018, PGNiG, 2,030m), which tested up to 7.5 MMcfg/d. These new resources will likely focus planned exploration on the Ukrainian side, and the Byblivska partners have indicated they will shoot seismic and drill a well to 2,500m, potentially in 2020. Byblivska was offered in the Third Auction 2015, won with an offer of approximately US$ 31,000, and awarded from 22 January 2016 for 20 years. Licensees are Energy Resources of Ukraine and PGNiG, via joint venture Carpathian Industrial Group 2014 LLC.
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