Wednesday, 20 March 2019
05 Nov
On November 5th, 2013 the Agreement between the Government of Ukraine and company "Chevron Ukraine B.V." on the hydrocarbon products sharing developed within Oles’ka area was signed
Media key category: Press-center
category: News

On November 5th, 2013 in the presence of the President of Ukraine Victor Yanukovych the Agreement between the Government of Ukraine, Chevron Ukraine BV, and Nadra Oles’ka Ltd. on the hydrocarbon products sharing developed within Oles’ka area was signed.

Minister of Energy and Coal Industry Eduard Stavyts’kiy signed an agreement on behalf of Ukraine, on behalf on «Chevron Ukraine B.V.» agreement was signed by the General Director of the Company «Chevron Europe Exploration and Production» Derek Diupri Magness, on behalf of the LLc. “Oles’ka” agreement signed the Head of the NSC “Nadra Ukraine” Viktor Ponomarenko.

An agreement enable to start exploration of the shale gas within Oles’ka area, which contains about 2,98 trillion of gas according to preliminary estimates. Annual exploration is planned to be up to 8-10 billion cubic meters of shale gas. According to the terms of an agreement during the first period of exploration “Shevron” will invest $350 billion in the exploration of the shale gas at the Lvivs’ka and Ivano-Frankivs’ka regions. Total amount of investments will probably go beyond $10 trillion dollars. It is expected that during implementation of the Agreement more then 15 000 of workplaces will be created and additional fiscal revenues will amount in more than hundreds of trillion dollars.

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