Subsoil Use Rights in Ukraine: Exploration & Production Licenses, Production Sharing Agreements and Production Enhancement Contracts
Article from: OGEL 3 (2022), in Production Sharing Contracts
(Addendum 10/05/2022) This article provides a detailed description and analysis of existing oil & gas subsoil use mechanisms in Ukraine. Comprehensive characteristic of exploration & production licenses, production sharing agreements and production enhancement contracts with procedures and terms of their receipt/signing (including for investors with foreign capital) is provided, its features, pros and cons are highlighted. In addition, the main legislative initiatives to improve the existing mechanisms of subsoil use designed to solve a significant part of highlighted industry ...