Burisma enters into ownership of natural gas extraction Nadragazvydobuvannya

Burisma enters into ownership of natural gas extraction Nadragazvydobuvannya

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9 epravda Private equity and M&A

Burisma enters into ownership of natural gas extraction Nadragazvydobuvannya

  • Burisma is associated with mr. Nikolay Zlochevskiy (Mykola Zlochevskii), former minister of ecology of Ukraine

The company Nadragazvydobuvannya has a license to develop the Shevskaya Square in the Dnepropetrovsk region. LLC The First Ukrainian Gas and Oil Company became a shareholding company of Nadragazvydobuvannya in the middle of August this year. In the meantime, Burisma Holdings executes full control of The First Ukrainian Gas and Oil Company along with other several mining companies like Esko-Pivnich, Pari and Aldea.

A special permit for the development of Shevskaya Square (18.7 square kilometers) is valid for Nadragazvydobuvannya until 2036.  As of present, the company conducts exploratory drillings in this area.

Burisma has 20 licenses for hydrocarbon production in Ukraine, out of which 99% of works is carried for natural gas extraction.

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