KIEV, Sept. 14 – Cadogan Petroleum plc, British oil and gas company with assets in Ukraine, and Nadra Ukrainy and its subsidiary, Poltavanaftogazgeologiya (Poltava region) have signed an amicable agreement on the development of the Pirkovske and Zahorianske fields, according to a statement by Cadogan.

According to the agreement, the companies will renounce mutual claims and afterwards Cadogan will buy five wells at the Zahorianske field, in particular, Zahorianska No. 3 well, for $3.2 million from Nadra Ukrainy.