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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.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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