Saturday 3 August 2013

Environment ministry postpones signing deal with ExxonMobil till mid-autumn < News < Home

Environment ministry postpones signing deal with ExxonMobil till mid-autumn < News < Home:

"02-08-2013 13:06
Ukraine and a consortium of oil companies led by ExxonMobil plan to finalize a production sharing agreement (PSA) at the Skifska area in the Black Sea, and sign it by mid-autumn, Volodymyr Ihnatenko, an adviser to the Minister of Environment and Natural Resources has said.

As reported, Ukraine in 2012 held a tender to conclude a PSA for extraction of gas in the Skifska area (deep-water shelf of the Black Sea). The winner of the competition was declared a consortium of companies led by ExxonMobil with the participation of Shell, Austria's OMV represented by its Romanian daughter Petrom and Ukraine’s state company Nadra Ukrainy. Earlier, it was reported that the PSA with the consortium would be signed by August."

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