Reuters: Energy majors bid for Ukraine shale gas fields

Global energy majors have placed bids in tenders for two potentially large shale gas fields in Ukraine, Environment and Natural Resources Minister Eduard Stavitsky said on Monday, adding that the government would pick winners in a month.

One contract area, Yuzovska, is located in the eastern Donetsk and Kharkiv regions. The other, Olesska, is in the western Lviv region.

Ukraine's State Geological Service estimates the reserves of the Yuzovska area at 2 trillion cubic metres and those of Olesska at 0.8 to 1.5 trillion cubic metres.

"Chevron and Eni have bid for Olesska (contract area)," Stavitsky told reporters. "Exxon Mobil, Shell and TNK-BP for Yuzivska." 

"The final decisions (will be announced) no later than 1800 on May 23, 2012," he said.  MORE