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Baker McKenzie acts as legal counsel to EP Ukraine in connection with two production sharing agreements with the Ukrainian government

10/ 11/ 2021
  Kyiv, Ukraine, 10 November 2021 — The Kyiv office of Baker McKenzie acted as legal counsel to EP Ukraine, a Dutch subsidiary of Czech Energetický a průmyslový holding (EPH) and Slovak NAFTA a.s., in connection with the structuring, negotiating and entry into two production sharing agreements with the Ukrainian government in relation to the Okhtyrska and Hrunivska blocks. The production sharing agreements, signed on 8 November 2021, relate to petroleum products. They cover two separate areas of over 1,700 square kilometers in total in northeast Ukraine and represent an extensive investment program, including, in the first stage, the realization of seismic measurements and drilling of a significant number of exploration wells. Total investments are expected to reach dozens of millions of US dollars. Robert Bundil, BoD member at NAFTA a.s. (nominated by EPH), stated: The Baker McKenzie team members have acted not only as experienced energy transaction lawyers, but also, and more importantly, they have put their legal advice in a business context, which has helped us make the right commercial decisions. We are thankful to the team and Andrii Moskalyk in particular for the continuous support on these projects. Andrii Moskalyk, counsel at the Baker McKenzie Kyiv office, who primarily focuses on energy, infrastructure and M&A projects and who led the Baker McKenzie team, commented: We are proud to support EP Ukraine on these transactions, as it is important for the further development of Ukrainian oil and gas and servicing industries. We trust that these long-term projects will be a success for both the investor and Ukraine. About EP Ukraine EP Ukraine is a Dutch subsidiary of EPH. EPH is a leading Central European energy group that owns and operates assets in the Czech Republic, Slovakia, Germany, Italy, Ireland, the UK, France and Switzerland. EPH is a vertically integrated energy utility covering the complete value chain, ranging from highly efficient cogeneration, power and heat generation, natural gas transmission and gas storage to gas, heat and electricity distribution and supply. The scope includes trading and logistics platforms, gas infrastructure management and real estate development. (www.epholding.cz) About Baker McKenzie Baker McKenzie helps clients overcome the challenges of competing in the global economy. We solve complex legal problems across borders and practice areas. Our unique culture, developed over 65 years, enables our 13,000 people to understand local markets and navigate multiple jurisdictions, working together as trusted colleagues and friends to instill confidence in our clients.

Kyiv, Ukraine, 10 November 2021 — The Kyiv office of Baker McKenzie acted as legal counsel to EP Ukraine, a Dutch subsidiary of Czech Energetický a průmyslový holding (EPH) and Slovak NAFTA a.s., in connection with the structuring, negotiating and entry into two production sharing agreements with the Ukrainian government in relation to the Okhtyrska and Hrunivska blocks.

The production sharing agreements, signed on 8 November 2021, relate to petroleum products. They cover two separate areas of over 1,700 square kilometers in total in northeast Ukraine and represent an extensive investment program, including, in the first stage, the realization of seismic measurements and drilling of a significant number of exploration wells. Total investments are expected to reach dozens of millions of US dollars.

Robert Bundil, BoD member at NAFTA a.s. (nominated by EPH), stated:

The Baker McKenzie team members have acted not only as experienced energy transaction lawyers, but also, and more importantly, they have put their legal advice in a business context, which has helped us make the right commercial decisions. We are thankful to the team and Andrii Moskalyk in particular for the continuous support on these projects.

Andrii Moskalyk, counsel at the Baker McKenzie Kyiv office, who primarily focuses on energy, infrastructure and M&A projects and who led the Baker McKenzie team, commented:

We are proud to support EP Ukraine on these transactions, as it is important for the further development of Ukrainian oil and gas and servicing industries. We trust that these long-term projects will be a success for both the investor and Ukraine.

About EP Ukraine

EP Ukraine is a Dutch subsidiary of EPH. EPH is a leading Central European energy group that owns and operates assets in the Czech Republic, Slovakia, Germany, Italy, Ireland, the UK, France and Switzerland. EPH is a vertically integrated energy utility covering the complete value chain, ranging from highly efficient cogeneration, power and heat generation, natural gas transmission and gas storage to gas, heat and electricity distribution and supply. The scope includes trading and logistics platforms, gas infrastructure management and real estate development. (www.epholding.cz)

About Baker McKenzie

Baker McKenzie helps clients overcome the challenges of competing in the global economy. We solve complex legal problems across borders and practice areas. Our unique culture, developed over 65 years, enables our 13,000 people to understand local markets and navigate multiple jurisdictions, working together as trusted colleagues and friends to instill confidence in our clients.

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