XP signs Ukraine`s first PEC. line

NAFTOGAZ of Ukraine & Expert Petroleum: Partnership for Gas Production Development.

Naftogaz Group and Expert Petroleum have signed a Production Enhancement Contract (PEC), to increase hydrocarbon production on fields of JSC Ukrgasvydobuvannya in Western Ukraine.

The first ever full-scale PEC in the history of Ukraine’s oil and gas industry, will generate at least an additional 300 million cubic meters of gas within 5 years from 13 small fields in Western Ukraine.

Read the full press release issued by Naftogaz here:  http://ugv.com.ua/en/page/naftogaz-zaluciv-miznarodnogo-investora-dla-zbilsenna-vidobutku-gazu-na-visnazenih-rodovisah