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KUB-Gas is one of the largest private gas producers in the Ukraine and its principal assets consist of four producing gas fields, two service rigs and four gas processing facilities. The KUB-Gas licenses (Vergunskoye, Olgovskoye, Makeevskoye, North Makeevskoye and Krutogorovskoye) are situated in the north-eastern part of Ukraine in the Dnieper-Donets Basin and Pripyat Graben. The area accounts for 90% of the oil and gas production of Ukraine and is well served by transport infrastructure.In June 2010 Kulczyk Oil Ventures has completed the acquisition of an effective 70% interest in KUB-Gas LLC.