Donetsk - Shell is ready to invest $6 million in the creation of the Ukrainian Institute of Unconventional Gas, which will study the development of alternative energy, according to an Interfax-Ukraine correspondent.
Shell Spokeswoman Hanna Dumanska said this at a round table when discussing the issue of implementing a project of hydrocarbon extraction with the participation of representatives of public organizations and the Donetsk regional authorities in Donetsk on Friday.
In addition, Dumanska said a significant number of related industries would be involved in hydrocarbon production, which will give an additional impetus to the development of the country’s industrial sector.
As reported, on January 23, 2013, Ukraine’s Cabinet of Ministers approved a draft production sharing agreement (PSA) with Shell and Nadra Yuzovska LLC for the Yuzovska field (7,886 square kilometers, located in Kharkiv and Donetsk regions).
In May 2012, an interdepartmental commission on PSAs declared Shell the winner for the development of the Yuzovska deposit (Kharkiv and Donetsk regions) and Chevron the winner for the development of the Oleske field (Lviv and Ivano-Frankivsk regions).
For the development of the Yuzovska field, with its projected reserves of an estimated 4.054 trillion cubic meters of various categories of gas, the plans call for raising at least UAH 1.6 billion in investment in the geological study phase, and UAH 30 billion in the industrial production phase.
