KYIV. May 5 (Interfax-Ukraine) – The State Service of Geology and Subsoil of Ukraine has suspended the license of the British oil and gas company Enwell Energy plc (Smart-Holding Group) for the Vasyschevskoye (VAS, Kharkiv region) and Svystunivsko-Chervonolutskyi (SC, Poltava region) gas condensate fields.
According to order No. 232 dated May 4, 2023, the corresponding decision was made on the basis of Paragraph 3 of Part 1 of Article 26 of the law on oil and gas and Paragraph 3 of Part 1 of Article 57 of the Subsoil Code of Ukraine in connection with the imposition of sanctions against ex-MP Vadim Novinsky.
According to Order No. 232 dated May 4, 2023, the corresponding decision was made on the basis of paragraph 3 of part 1 of article 26 of the law “On Oil and Gas” and paragraph 3 of part 1 of article 57 of the Subsoil Code of Ukraine in connection with the imposition of sanctions against ex-People’s Deputy Vadym Novinsky.
“The company is ceasing field operations on the VAS license, including shutting down production at the field, which currently contributes approximately 12% of the group’s production. Field activities on the SC license area were already and will remain suspended. The company continues to consult with its legal advisers, including on the above matters, in order to protect its assets, and further information will be announced in due course,” the company’ report reads.
Earlier, for the same reason, the service suspended the license for the Ostroverkhovske gas condensate field (Kharkiv region) of PrJSC Ukrgazvydobutok, also part of Smart Holding.
As reported, President of Ukraine Volodymyr Zelenskyy, by decree of December 1, 2022, put into effect the decision of the National Security and Defense Council on certain aspects of the activities of religious organizations in Ukraine and the application of personal special economic and other restrictive measures, which imposed sanctions on Novinsky as well.
The sanctions package includes 12 types of restrictions imposed, in particular, the complete blocking of assets, a ban on trading operations, the deprivation of all state awards and distinctions, a ban on the withdrawal of capital from Ukraine.