Shell Commits $500M To Ukraine Exploration After Approval

Law360, New York (September 13, 2013, 2:51 PM EDT) -- European oil and gas giant Royal Dutch Shell PLC has signed an agreement with the Ukrainian government greenlighting the company's operations at a local gas field and will commit $500 million to the first stage of exploration, Ukraine's energy minister announced Friday.

Shell and Ukrainian officials on Friday signed the agreement giving Shell permission to officially commence operation in the Yuzivske natural gas field. The Anglo-Dutch firm plans to extract shale gas and so-called tight gas, as well as conventional natural gas, from the Yuzivske field,...
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