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Shell may resume gas production in Ukraine

Source : 112 Ukraine

The company is in talks with JSC Ukrgasvydobuvannya
15:25, 17 February 2020

Kyivpost

Royal Dutch Shell PLC was presented as an international partner of the state-owned JSC Ukrgasvydobuvannya in a presentation accompanied by the report made by Andrii Favorov, Naftogaz-Ukraine's Director of Integrated Business, at the press conference "Own gas: Results and Prospects".

"I can not give specific information. Negotiations are ongoing," Favorov answered when he was asked by 112 Ukraine TV Channel’s correspondent about the possibility of resuming cooperation.

Related: Ukraine’s gas storages may interest four European countries

It is worth noting that Shell and Chevron were granted the rights to develop explorations on Yuzivska and Olevska gas-bearing plates in December 2013. Under a shareholding agreement with Ukrgasvydobuvannya, Shell conducted exploratory exploration of prospective sites and even drilled two wells.

However, the debit was very low. Based on the results of the exploration, Shell and JSC Ukrgasvydobuvannya agreed that further activity within the project was not economically feasible.

Thereafter, Shell's plans to resume gas production in Ukraine were not reported.

As we reported earlier, according to Naftogaz’s Chairman of the Board, the company ready to discuss the extension of the contract on gas transit with the Russian Federation.

Related: Why Ukraine's gas production is declining and not going to grow?

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