In ENGLISH | РУС/УКР
Sign in | Register
Mobile version | Subscription | RSS Archive
KyivPost

Financial Times report: Exxon and Shell win Ukraine exploration bid

Print version
Aug. 15, 2012, 8:02 a.m. | Business — by Reuters

Ukraine is estimated to hold large unexploited on- and offshore reserves of gas and oil. But until this year, none of the world's energy majors had been granted sizeable exploration or production rights. The offshore tender by Ukraine comes months after the government chose Chevron of the US and Royal Dutch Shell through a tender process to pursue multibillion-dollar onshore exploration projects expected to use shale gas and other unconventional extraction methods to unearth hydrocarbons.
© (Courtesy)

SEE ALSO

Ukraine has approved a joint offshore exploration bid led by ExxonMobil and Royal Dutch Shell to unlock oil and gas reserves deep under the Black Sea, the Financial Times reported on Wednesday. 

The newspaper cited three people familiar with the situation as saying the grouping, which also includes Romania's OMV Petrom and Ukraine's state company Nadra, was chosen in a tender process over Russia's Lukoil.

"Big finds are expected in the Skifska field, attractive in being massive in size as well as adjacent and geologically similar to where ExxonMobil and OMV Petrom are exploring off Romania's coast," an unnamed Ukrainian government official was quoted as saying.

The tender is due to be announced on Wednesday. 

READ MORE IN SECTION
The Kyiv Post is hosting comments to foster lively debate. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. If you think that a posted comment violates these standards, please flag it and alert us. We will take steps to block violators.
bkrevel Aug. 15, 2012, 5:47 p.m.    

"Ukraine has approved....."
"....tender to be announced Wednesday..."

Contradicting statements.......oh well, this is stalinist zookraine

{# <-- parent id goes here
Advertising link

KyivPost

© 1995–2012 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.