You're reading: Exxon, Shell-led group win Ukraine Black Sea project

 Ukraine has selected a consortium led by ExxonMobil (XOM.N) and Royal Dutch Shell (RDSa.L) to explore the Skifska oil and gas field on its Black Sea shelf, Environment and Natural Resource

“The government has supported a proposal … to sign a production sharing agreement naming a group of companies, led by ExxonMobil as operator, the winner (of the tender),” Stavitsky told reporters.

Skifska, predominantly a gas field, has reserves of 200 to 250 billion cubic metres of gas, he said, without specifying whether those were recoverable, and is expected to eventually produce 5 billion cubic metres a year.

Russia’s LUKOIL (LKOH.MM) had also bid in the tender for Skifska.

Stavitsky said the consortium, which also includes Romania’s OMV Petrom and Ukrainian state company Nadra Ukrainy, would start work on the field this year.