Ukraine picks Shell, Chevron for shale fields

Winning bidders: Chevron, Shell scoop shale gig

AFP

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By News wires

 11 May 2012 19:48 GMT

Ukraine has picked Shell and Chevron as partners in projects to explore and develop two potentially large shale gas fields, Prime Minister Mykola Azarov told the Euronews television channel on Friday.

A government source had told Reuters this week that Anglo-Dutch Shell and Chevron of the United States were set to outbid Italy's Eni, ExxonMobil and Russia's TNK-BP in the tender which Kiev sees as a step towards easing its dependence on Russian gas supplies.

"Chevron and Royal Dutch Shell have been chosen as winning bidders for Yuzivska and Olesska areas which have enormous gas reserves," Azarov told Euronews, according to the news wire.

The Yuzivska area, won by Shell, is located in the eastern Donetsk and Kharkiv regions while the other, Olesska, is…

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