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Ukraine to Sign Gas PSA with Chevron, Exxon, Shell in December

By Andrey Ostroukh Ukraine plans to sign production sharing agreements with Chevron Corp. (CVX), Exxon Mobil Corp. (XOM) and Royal Dutch Shell PLC (RDSA) to develop shale gas and offshore field in the first half of December, Environment and Natural Resources Minister Eduard Stavitsky said Tuesday, Interfax reported. "I expect that we will be ready to sign [PSA agreements] on all three contracts in the first 10 days of December," Mr. Stavitsky told a press conference. Ukraine, which depends on gas deliveries from Russia, seeks to develop its own reserves, attracting funds and technologies abroad. Although the country has for years claimed that it may produce all the gas it needs from offshore fields and shale gas deposits, it imports more than 60% of its gas requirements, mostly from the neighboring Russia. In May, Ukraine picked Chevron to develop Olessky shale gas field, which has a projected capacity of up to 1.5 trillion cubic meters of gas, while Shell won a tender for Yuzovsky shale field, storing up to 2 trillion cubic meters of gas. Ministers have said they expect to start production of shale gas in 2015. Exxon Mobil, Shell, Romania's dominant oil company OMV Petrom SA (SNP.RO) and Ukrainian state partner Nadra Ukrayny plan to develop the offshore Skifsky gas field in the Black Sea. Write to Andrey Ostroukh at andrey.ostroukh@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Chevron (CVX)
DateTimeHeadline
12/07/201619:15:00Chevron Announces $19.8 Billion Capital and Exploratory Budget...
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12/05/201616:44:00BHP Billiton, Cnooc, Total, Others Take Blocks in Mexico Offshore...
12/05/201615:00:00Consorcio Liderado por Chevron Gana Contrato en Aguas Profundas...
12/05/201614:59:00Chevron-led Consortium Wins Mexico Deepwater Contract
12/05/201613:00:00Chevron Hands the Keys of a New Truck to Quebec Resident, Winner...
12/02/201617:38:03Statement of Changes in Beneficial Ownership (4)
12/02/201617:30:14Initial Statement of Beneficial Ownership (3)
12/02/201614:52:00Oil Giants Set to Bid on Mexico's Deep-Water Oil Fields
12/01/201612:30:00BP to Proceed with Mad Dog Project in Gulf of Mexico
12/01/201612:00:00Clay Neff Named President of Chevron Africa and Latin America...
11/18/201616:41:42Statement of Changes in Beneficial Ownership (4)
11/18/201616:36:04Statement of Changes in Beneficial Ownership (4)
11/09/201615:46:00Z Energy Upgrades Guidance After 1st Half Profit Rise
11/08/201618:11:30Statement of Changes in Beneficial Ownership (4)
11/07/201617:34:52Statement of Changes in Beneficial Ownership (4)
11/07/201603:00:00Chevron Announces First Gas at U.K. Alder Field
11/03/201620:13:00Correction to Fracking Bans Story
11/03/201611:55:44Quarterly Report (10-q)

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