Ukrainian
Energy
Minister
Eduard
Stavytsky
told
reporters
in
Kiev
the
Anglo-Dutch
supermajor
would
spend
$410
million
over
that
time
to
explore
the
concession
and
assess
its
reserves,
Reuters
reported.
"The
first
results
are
due
before
2015,
and
the
confirmed
reserves
will
paint
a
true
picture
of
the
(prospects)
of
commercial
production
at
that
field,"
he
said.
Shell
and
Ukraine
last
week
signed
a
landmark
production
sharing
agreement
for
Yuzivska
that
could
involve
as
much
as
$10
billion
investment.
Stavytsky
said
the
50-year
agreement
with
Shell
would
provide
Ukraine
with
between
31%
and
60%
of…
