Kuwait Energy to Restart Ukrainian Gas Field Development

Kuwait Energy’s joint activity agreement with Ukrgasproduction, a subsidiary of the state-owned Naftogaz, has been restored, enabling continued development of the Bilske and Kulychykhynske gas-condensate fields located in the Poltava region in Ukraine.

The Ukraine Supreme Commercial Court made a final ruling to resume operations under the agreement, following over a year of court proceedings that put Kuwait Energy’s interest from the gas fields on hold during that period.

Kuwait Energy owns a 25% working interest in the fields, Ukragasprodution owns a 50% interest, and the remaining 25% is owned by the operator Favorit System LLC.