Representatives of Naftogaz and Derzhgeonadr held a meeting on the development of oil and gas areas of the Black Sea shelf

The Ukrainian Geological Survey (Derzhgeonadra) and the Naftogaz Group, within the framework of cooperation aimed at expanding the mineral resource base of Ukraine and increasing hydrocarbon production, held a working meeting on ways to reduce risks for investors in the development of the Black Sea shelf, the press service of the agency reports.

In particular, during the working meeting with the participation of Naftogaz Chief Executive Officer Otto Vatlander, Naftogaz Chairman of the Board advisor Olena Zerkal and Oleksandr Romanyuk, Director of the Exploration and Production Division of JSC Ukrgazvydobuvannya, the parties discussed further preparations for the start of the development of hydrocarbon fields on the continental shelf of the Black Sea. Security issues for the investor and geological risks are key to the implementation of such capital-intensive projects.

"We are aware of the need to guarantee investors the opportunity to safely invest money in Ukrainian mining and are constantly working on improving legislative mechanisms," says the head of the Ukrainian Geological Survey Roman Opimakh. — At the same time, the issue of protecting the resource base of Ukraine in the territories temporarily not controlled by Ukraine remains on the agenda. So far, the possibilities of providing such guarantees have been explored so that offers on the Black Sea shelf are attractive to investors. The success of projects on offshore sites is important both for the state, and for the company that will participate in the development, and for the Service as a regulator of the industry."

The meeting was also attended by Taras Kuzmych, Chairman of the Board of Nadra Ukrainy JSC, who emphasized his readiness to provide expert support to the company in this process. We will remind you that "Nadra of Ukraine" has three special permits on the shelf of the Black Sea.