Ukraine signs PSA with Eni and EDF to develop Black Sea shelf:
"Ukraine has signed a production sharing agreement (PSA) with Eni (Italy), Electricite de France (EDF, France), Chornomornaftogaz and Waters of Ukraine LLC for the development of the Subbotina, Abikha, Mayachna and Kavkazka hydrocarbon blocks of the Black Sea shelf.
According to the press service of the president of Ukraine, the PSA was signed in the presence of the head of state, Viktor Yanukovych.
From the side of Ukraine the PSA was signed by Minister of Energy and Coal Industry Eduard Stavytsky, from Eni – the executive vice president for South-Eastern Europe, Giuseppe Tannoia, EDF – the director for strategic partnership in Russia, the CIS and Northern Europe.
As reported, the Cabinet of Ministers by decree No. 916-r dated November 25, 2013 agreed on a draft PSA with Eni, Electricite de France, Chornomornaftogaz and Waters of Ukraine LLC for the development of the Subbotina, Abikha, Mayachna and Kavkazka hydrocarbon blocks of the Black Sea shelf."
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