KIEV, July 26 – Ukrgazvydobuvannia, the country’s largest natural gas producer, announced a tender to attract investors to restore production of fossil fuel from over 1,900 liquidated wells of the company on the ProZorro e-procurement system.

According to the conditions of the tender, gas produced from the restored wells and the wells themselves will belong to Ukrgazvydobuvannia, while the investor will receive the fixed fee for each cubic meter of produced gas. It is planned to apply production enhancement contracts (PEC).