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CMS Helps Expert Petroleum Negotiate Ukraine’s First Hydrocarbon Production Enhancement Contract

CMS Helps Expert Petroleum Negotiate Ukraine’s First Hydrocarbon Production Enhancement Contract

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CMS Kyiv has helped Expert Petroleum, an international company specialized in mature oil and gas field operations optimization, on negotiations with UkrGasVydobuvannya, Ukraine’s state-owned natural gas production company, on Ukraine's first full-scale Production Enhancement Contract.

According to CMS, "the strategic objective of UGV’s PEC project is to intensify gas production and reserves from mature and depleted gas fields by assigning their management and operation to the experienced contractor who will employ modern technology and equipment to maintain the baseline production and achieve some further additional gas output at these fields. Over recent years Expert Petroleum has implemented production enhancement for more than 1,500 oil and gas wells across Romania and Hungary. "

CMS's team was led by Partner Vitaliy Radchenko and included Senior Associates Maryna Ilchuk and Volodymyr Kolvakh and Associate Viktoriia Stavchuk.

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