KYIV, May 5 – The Cabinet of Ministers has approved EP Ukraine B.V. (the Netherlands, a subsidiary of Czech EPH Group) as the winner of tenders to sign a production sharing agreement (PSA) on the Hrunivske and Okhtyrske gas fields and York Energy (UK) Holdings Limited (the U.K., a subsidiary of U.S. Alpha Energy) as the winner of the tender to sign the PSA for the Ichnianske field.

"The interdepartmental commission for organization of the signing and implementation of PSA [was instructed] to develop draft agreements defined in Paragraph 1 of this resolution, and to ensure their approval with the winners of the tenders in the manner prescribed by law," the government said in the document.