| Author (Person) | Olearchyk, Roman |
|---|---|
| Series Title | Financial Times |
| Series Details | 15.8.12 |
| Publication Date | 15/08/2012 |
| Content Type | News |
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Article reports that Ukraine was betting that the world’s biggest energy companies would help it unlock oil and gas reserves deep under the Black Sea in an attempt to reduce its dependence on costly Russian fuel imports. The Ukrainan government approved in August 2012 a joint offshore exploration bid led by ExxonMobil and Royal Dutch Shell. The offshore tender came months after Ukraine chose Chevron of the US and Royal Dutch Shell to pursue multibillion-dollar onshore exploration projects expected to use fracking and other unconventional technologies to unearth hydrocarbons. Ukraine is estimated to hold Europe’s fourth-largest shale gas reserves, but until 2012 no major energy company had been granted sizeable exploration or production rights. |
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| Countries / Regions | Ukraine |
