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Canadian company interested in hydrocarbon production in Ukraine

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Canadian company interested in hydrocarbon production in Ukraine

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Canadian-based Tenaz Energy Corp. is interested in the implementation of projects for the development of hydrocarbon production sites in Ukraine, according to the Head of the State Service of Geology and Subsoil of Ukraine Roman Opimakh, after a meeting with executive director of the company Anthony Marino in Kyiv.


The head of the service informed the representative of the Canadian company about the existing proposals in the field of hydrocarbon development in Ukraine, as well as about possible ways to implement business projects.

Special attention on the part of Tenaz Energy Corp. is paid to the facilities, where production was suspended due to a sharp drop in the production rate of wells that are not being developed now.

The service has prepared and published in the investment atlas of a subsoil user 50 objects with oil and gas deposits for electronic auction. This is more than 6,000 square kilometers throughout Ukraine, including areas with approved reserves and green fields.

Roman Opimakh, Head of the State Service of Geology and Subsoil of Ukraine

According to him, it is possible to obtain the right to explore and develop by purchasing special permits at electronic auctions, which the service regularly conducts on the ProZorro.Sale platform. He also informed the Canadian investor about the possibility of Tenaz Energy Corp.’s entering the existing farm-in subsoil use projects. “The condition is the acquisition of a share in the company that is the licensee. Such a mechanism may be of interest to enterprises that are experiencing difficulties in unlocking the full potential of the facilities, and the international partner will offer capital and experience”, Opimakh remarked. 

Tenaz Energy Corp. is a public company specialising in the acquisition of oil and gas assets around the world through mergers and acquisitions in order to create an efficient extraction business. Tenaz Energy Corp. has carried out operations to acquire assets worth more than $ 6 billion and has experience of operating in 65 countries of the world. The company develops hydrocarbons in Central Alberta (Canada) and focuses on the markets of Europe, the Middle East, South America and North Africa.


The Odessa Journal
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