Natural Gas--Exploration--Ukraine-- Fifteen Companies to Bid on Prikerchensky Block in the Black Sea

RIGZONE - Fifteen Companies to Bid on Prikerchensky Block in the Black Sea

As many as 15 companies will bid for the right to sign a production-sharing agreement (PSA) covering the Prikerchensky oil and gas section on the Black Sea shelf, Ukrainian Prime Minister Yury Yekhanurov told a March 1 Cabinet meeting.

The companies include Tupras, Hunt Overseas Oil Company, ExxonMobil, Shell, Chevron and Petrobras, Yekhanurov said. Ukraine could increase gas production to 30 billion cubic meters (bcm) annually if the project comes off, he said.

Might present some opportunities for suppliers.