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Cabinet to sign production-sharing deals with Shell, Chevron, Exxon
Journal Staff Report

KIEV, Nov. 13 – Ukraine's Cabinet of Ministers plans to sign production sharing agreements with Shell, Chevron and a consortium headed by Exxon Mobil in early December, Environment and Natural Resources Minister Eduard Stavytsky said at a press conference in Kiev on Tuesday.

"I expect that we'll sign all three contracts in the first two weeks of December," he said.

Although there are some complications with the local governments in Lviv and Ivano-Frankivsk regions, these issues are being worked out, Stavytsky said.

At the beginning of May 2012, Ukraine's interdepartmental commission on PSAs declared Chevron the winner of a tender to develop the Oleske field in Lviv and Ivano-Frankivsk regions, and Shell the winner of the rights to develop the Yuzovska gas field in Kharkiv and Donestk regions.




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