Kyiv Post: Ukraine seeks energy majors for Black Sea exploration

Ukraine has launched its second round of hydrocarbon exploration tenders of this year, stepping up efforts to cut down on expensive Russian natural gas imports.

To do that, the nation will have to boost domestic production with the investment and know-how of the world’s largest energy companies.

According to a June 2 announcement in the Uryadovy Kuryer government newspaper, an Aug. 2 deadline has been set for bids to explore for natural gas and oil in two vast offshore fields on Ukraine’s Black Sea coast.

The 16,700 square kilometers Skifska and 13,600 square kilometers Foroska fields are located off Ukraine’s Crimean peninsula.  MORE