Ukrnafta is in search of investors for its 5 oil and gas projects in drilling, extraction and processing, according to the press service of the company. The filing of applications is expected to last until September 30. The company's general development plan foresees USD 1.7bn worth of investments during 2017-2025, of both internal and external financing. The first three projects specify the increasing output of extraction volumes at the existing Boryslav, Bytkiv-Babchynske, and Rudovsko-Chervonzavodske oil and gas fields. In particular, the works comprise drilling of a vertical wells and side tracks, operations of hydraulic fraction and intensifying the output. The development of the related infrastructure is also a part of those projects. The other two proposals refer to projects in drilling services upon demand from Ukrgazvydubuvanny and Ukrnafta, as well as private requests including modernization of natural gas processing plant.
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