Oil&Gas Eurasia: Chevron to start shale gas production in Ukraine by end-2014

Chevron will begin shale gas production in Ukraine’s western areas only by the end of 2014, environment minister Oleg Proskuryakov has told UNN. 

The Ukrainian government and Chevron signed a production sharing agreement in November 2013. Government experts believe that up to 10bn cubic meters of gas will be produced by the Chevron-led partners per annum,. 

Proskuryakov said the partners were discussing an operational agreement which is likely to be signed soon. After that, the Americans will come up with a plan of works to be agreed with the interagency commission for production-sharing agreements. Once the plan is approved, works will begin at the Olesskaya field. Proskuryakov believes they will not be start earlier than Q3 2014.  MORE