BGV Oil & Gas
Brochure
with detailed info about
deposit:
OIL & GAS
Kharkov, Poltava, Lugansk and Odessa Regions, Ukraine
Oil and gas line of BGV business
was established in 2015 and
includes exploration and
production of oil, gas
and condensate. Oil and gas
companies controlled by BGV
face an exploration risk typical for
the upstream sector.
At the same time, the risk related
to the sale of produced
hydrocarbons in Ukraine is small
due to the high demand
for energy sources.
Therefore, part of BGV’s strategy in this sector is to invest in assets with proven reserves of crude oil and natural gas. The last such investment is the acquisition in 2020 of two license areas in the Odessa oblast with proven oil reserves in the amount of many million tons.
The division was established in 2015 and now accounts for eight licenses for exploration and production of natural gas and crude oil in Kharkov, Poltava, Lugansk and Odessa regions.
Geologically six of them are located in the most prolific oilproducing region of Ukraine – the Dnieper-Donets Basin.
Therefore, part of BGV’s strategy in this sector is to invest in assets with proven reserves of crude oil and natural gas. The last such investment is the acquisition in 2020 of two license areas in the Odessa oblast with proven oil reserves in the amount of many million tons.
The division was established in 2015 and now accounts for eight licenses for exploration and production of natural gas and crude oil in Kharkov, Poltava, Lugansk and Odessa regions.
Geologically six of them are located in the most prolific oilproducing region of Ukraine – the Dnieper-Donets Basin.
PROVEN RESERVES:
Natural gas
0
.000.000
cubic meters
Condensate
0
.000
tons
Oil
0
tons
Additionally, several prospects
have been prepared for future
exploration on the area of
licenses with prospective
resources of 8,580 million cubic
meters of natural gas, 1,744
thousand tons of condensate and
2,686 cubic meters
of oil.
Cycle of oil and gas projects is sufficiently shorter than metal ore mining (shorter preparation and back pay periods). BGV has already started gas production from one of the deposits discovered in 2018, and preparing the production from the second one. Other license areas require additional exploration and construction of gas and oil infrastructure.
The proven reserves of the newly acquired two licenses for oil production in the Odessa region are 7,885 thousand tons of oil (ca. 55 million barrels). The wells drilling and the field development are planned to be started in 2021.
Cycle of oil and gas projects is sufficiently shorter than metal ore mining (shorter preparation and back pay periods). BGV has already started gas production from one of the deposits discovered in 2018, and preparing the production from the second one. Other license areas require additional exploration and construction of gas and oil infrastructure.
The proven reserves of the newly acquired two licenses for oil production in the Odessa region are 7,885 thousand tons of oil (ca. 55 million barrels). The wells drilling and the field development are planned to be started in 2021.