JAA participants

PJSC Ukrgasvydobuvannya, a 49.99% participant in the JA, is a vertically integrated company with the full production cycle: from the oil and gas fields search and exploration, development and production to processing of raw hydrocarbon deposits and sales of oil product. As the owner of licenses, PJSC Ukrgasvydobuvannya has contributed fifteen projects to the JA and has undertaken to make available on commercial terms its existing infrastructure and manpower resources to extract, treat and transport produced hydrocarbons.
For more detailed information, please refer to the official website of PJSC Ukrgasvydobuvannya:

LLC Karpatygaz, a 0.01% participant in the JA, is the Ukrainian member of the Misen Group and is the operator of the Joint Activity ("JA"). It employs around 250 people in four offices in Ukraine – headquarters located in Kiev (Kyiv) and regional branches in Kharkov (Kharkiv), Poltava and Lvov (L’viv). A strong team of professionals caters for a profound competence in oil and gas and deep understanding of local business environment. The main task of LLC Karpatygaz is to ensure efficient planning, development and operation of the JA projects as well as timely and professional implementation of modern know-how and technologies in Ukraine.
For more detailed information, please refer to the official website of LLC Karpatygaz

Misen Enterprises AB, a 50% participant in the JA, is responsible for procuring from either its own resources or from third parties commercial funding for the financing of the fifteen projects if the funding is not sufficient from the cash flow from the projects. This responsibility ultimately rests with the Parent Company as the majority owner of Misen Enterprises AB.

According to the JAA No.3, net profits after tax earned by the JA during the first three years of its operation (2011-2013) have been reinvested in funding the investment programs.