A 100% equity stake in KZR Petroleum LLC, an oil and gas company with subsoil use licenses and its own production infrastructure, has been put up for sale in Ukraine. The auction has been announced on the Prozorro.Sale system.
The starting price of the asset is UAH 49.99 million, with bidding scheduled for March 3, 2026.
Asset Overview
KZR Petroleum LLC was established in 2018. The company operates in the Poltava, Sumy, and Zaporizhzhia regions. The core value of the asset lies in its portfolio of subsoil use licenses and its existing technological base.
Krasnozayarske Oil and Gas Condensate Field
The company holds a subsoil use license dated November 15, 2013, valid for 20 years, covering the Krasnozayarske field with an area of 47.6 sq km.
Proven reserves (C1 + C2 + C3 categories):
- Free gas — 1.382 bcm
- Dissolved gas — 150 mcm
- Gas condensate — 166,000 tonnes
- Oil — 734,000 tonnes
Six wells have been drilled at the field, three of which are productive.
Pryazovske Gas Field
A second license (dated October 26, 2020) provides for geological exploration followed by production across an area of 348 sq km, with a validity period of 20 years.
Proven reserves (C1 + C2 categories):
-
2.987 bcm of gas
Production Infrastructure
The asset includes the Krasnozayarske gas treatment unit, equipped with primary and auxiliary equipment.
As a result, a potential investor acquires not only a portfolio of licenses but also an operational technological base for gas processing and treatment, reducing capital expenditures at the initial stage of operations.
Beneficiaries and Context
The ultimate beneficial owner of KZR Petroleum LLC, through San Poseidonius Investments Limited, is Ruben Zakharyan, who is also the owner of Kharkiv CHP-5.
For comparison, in December 2025, Ukrgasvydobuvannya (Naftogaz Group) acquired a subsoil license for the Novodykanska area in the Poltava region for UAH 738.9 million — more than double the starting price.
Against this backdrop, the starting valuation of KZR Petroleum at UAH 50 million appears comparatively moderate, considering the existing reserves, operational infrastructure, and valid licenses.
Investor Potential
The asset may be of interest to:
- Private energy companies
- Upstream service operators
- Strategic investors seeking to build a regional gas cluster
- Financial investors targeting resale after additional exploration or production scaling
Given the growing focus on domestic gas production and Ukraine’s energy independence, the transaction could become one of the notable deals in the small-scale upstream segment in 2026.
Contact us for consultation, additional information, and full transaction support in acquiring this asset.
+380 67 713 65 71
[email protected]
