document: On 2 August 2019, the State Agency for Geology and Subsoil Use of Ukraine announced an auction for five licenses in the eastern Ukraine. The auction is scheduled for 30 October 2019 with its application deadline on 29 October. The winners of the auction will obtain 20-year E&P licenses. Additional information can be requested from:  Kiev  Antona Tsedika Str., 16, offices 415 & 416  Tel: +38 (044) 536 1320 and 456 6056  The Vatazhkivska block covers 181.8 sq km in Poltavska Oblast (Dnieper-Donets Basin). Seismic coverage amounts to 533 km. One well has been drilled in the block. Gas resources of the Vatazhkivska prospect are estimated at 106 Bcf. Commitments include acquisition of 2D and 3D seismic data and drilling of two wells with PTDs of 5,700 m and 6,300 m. The starting price amounts to UAH 6.794 million (USD 0.27 million).  The Pechenizko-Kochetkivska block covers 262.7 sq km in Kharkivska Oblast (Dnieper-Donets Basin). Seismic coverage amounts to 895 km. No wells have been drilled in the block. Gas resources of the Pechenizka prospect are estimated at 63 Bcf. Commitments include acquisition of 2D and 3D seismic data and drilling of one well. The starting price amounts to UAH 4.658 million (USD 0.18 million).  The Saltivska block covers 26.16 sq km in Kharkivska Oblast. Seismic coverage amounts to 294 km. One well has been drilled in the block. Gas resources of the Saltivska prospect are estimated at 0.2 Bcf. Commitments include acquisition of 2D and 3D seismic data and drilling of one well. The starting price amounts to UAH 7.032 million (USD 0.28 million).  The Knyazhynska block covers 75.32 sq km in Kharkivska Oblast. Seismic coverage amounts to 265 km. No wells have been drilled in the block. Hydrocarbon resources of the block are estimated at 107 MMbbl of oil, 2.1 Tcf of gas and 30 MMbbl of condensate. Commitments include acquisition of 2D and 3D seismic data and drilling of one well. The starting price amounts to UAH 254.583 million (USD 10 million).  The Zakhidnotokarsko-Krasnyanska block covers 91.1 sq km in Luhanska Oblast (Dnieper-Donets Basin). Seismic coverage amounts to 476 km. Three wells have been drilled in the block. Gas resources of the block are estimated at 31 Bcf. Commitments include acquisition of 2D and 3D seismic data and drilling of one well. The starting price amounts to UAH 1.534 million (USD 0.06 million).
summary: On 2 August 2019, the State Agency for Geology and Subsoil Use of Ukraine announced an auction for five licenses in the eastern Ukraine. The auction is scheduled for 30 October 2019 with its application deadline on 29 October.