Ukraine calls tender for exploration of Lopushnyanske oil deposit

Oct 31, 2001 01:00 AM

Ukraine's Ministry of Environmental Protection and Natural Resources called a tender for the right to explore the Lopushnyanske oil deposit in the Chernovtsy region. Discovered in 1983, the deposit has oil reserves ranging between 1.4 mm and 6.3 mm tons.
The deposit was earlier developed by Zapadukrgeologiya and Ukrnafta, which invested more than 190 mm hryvnyas in its development. By 2000, 15 wells had been sunk at the deposit, which yielded 130 tons of oil per day.

Source: UA Today via NewsBase
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