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Shell gets green light for Yuzivska gas field exploration

Ukraine 87 - 2 - Energieeffizienz

Shell has signed an agreement with Ukraine allowing the company to start exploration of the Yuzivska gas field in eastern Ukraine. The field is estimated to hold 3,000 - 3,500 bcm of gas reserves (total resource potential).

Gas extraction could start as early as 2015. The project will be developed by Shell and Ukraine’s Nadra Yuzivksa on a 50-50 basis.
In 2012 Shell had signed a framework agreement with Ukraine worth US$500m for geological exploration of the area, including conventional, tight and shale gas. The group could invest up to US$10bn.

Source: www.enerdata.net from regional press and international press

18 September 2013