ExxonMobil reports strong gas potential offshore Ukraine

Ukraine’s offshore and continental gas reserves could deliver 45 bcm/yr (1.6 tcf/yr) of production by 2020, according to ExxonMobil.

Offshore staff

HOUSTON – Ukraine’s offshore and continental gas reserves could deliver 45 bcm/yr (1.6 tcf/yr) of production by 2020, according to ExxonMobil.

European Exploration Director Kevin Biddle, speaking to kommersant.ua, said his company is interested in expanding its interests in the country.

Currently, ExxonMobil is preparing to explore the deepwater gas field Skifske in the Black Sea. It already has 2D seismic data over the field and plans further evaluation based on 3D seismic.

Last August, the company and Shell, OMV Petrom, and Ukrainian state company Nadra won joint rights to develop underwater deposits at the site.

Skifske is adjacent to theRomanian deepwater Neptun block, currently under exploration by ExxonMobil and OMV Petrom. Gas reserves from the Domino discovery could be in the 42-84 bcm (1.5-3 tcf) range.

7/15/2013

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