Interfax-Ukraine
12:55 20.01.2015

Naftogaz announces tender to select appraiser of fossil fuel deposits

1 min read
Naftogaz announces tender to select appraiser of fossil fuel deposits

National joint-stock company Naftogaz Ukrainy has announced a tender to select an appraiser for fossil fuel deposits in oil and gas fields, and in promising fields belonging to the holding, public joint-stock company Ukrgazvydobuvannia and the holding's branch in Egypt (as of late 2014), the company's press service has reported.

Chornomornaftogaz and Naftogaz Ukrainy fields in Crimea (as of late 2013) are to be appraised.

The expected cost of the service is around UAH 35.08 million. Bids can be submitted until February 16, 2015. Work is to begin within 120 calendar days from the date when an agreement is signed.

The qualification of bidders is to be the following: availability of equipment, material and a technical base, specialists, and experience in appraising fossil fuel deposits for leading oil and gas companies in a volume of appraised deposits of at least 1 billion tonnes of conventional fuel, or 700 million tonnes of the oil equivalent.

The appraisal is to be carried out in line with the rules and standards of the Petroleum Resource Management System (PRMS).

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