Oleg Proskuryakov, the Minister of Ecology and Natural Resources of Ukraine assured representatives of the deputy corps of the Regional Council to this effect during discussion the draft decision of the Regional Council “On Approval of Agreement about Distribution of Hydrocarbons Produced within Yuzivska Area among Ukrainian State, Shell Exploration and Production Ukraine Investments (IV) B.V. and “NADRA YUZIVSKA”, Ltd.

The Minister stressed that the today’s session considers the Draft Agreement, which will fix the requirements for investors, in particular, as to provision of environmental safety of the territories planned to be the site for gas production. Also the Minister attracted attention to the fact that US$ 140000000.00 will be invested into social infrastructure just in the initial stage. Directly the territories will take the decision on distribution of the funds.

“The Agreement is designed for 50 years. The first stage will continue for 5-6 years. For drilling of not less than 15 boreholes, it will be spent US$ 410000000.00. If the gas field will be discovered, then, according to the optimistic scenario, more than US$ 50 billion will be spent for its exploration. During 10 years, the volume of production is planned to be increased to 10 billion m3 per year. Ukraine may obtain the first profit already in 5 years. Production of the non-traditional gas will promote reduction of the gas price and improve the investment image of the country. It’s very well that such powerful companies will come to Ukraine”,- the Minister said.

Svitlana Berzina, the Deputy Head of the Public Council attached to the Ministry of Ecology and Natural Resources of Ukraine, emphasized that community is actively involved into discussion of the said issues and conducting environmental examinations. “Due to use of the most advanced technologies all the risks are reduced at the maximum degree. According to the signed Memorandum, the Ministry guarantees access of community to discussion of all the issues relating to environment and development of territories. As to potential risks, it is provided for to use technical water for drilling the boreholes”,-she noted.

The deputies supported Decision “On Approval of Agreement about Distribution of Hydrocarbons Produced within Yuzivska Area among Ukrainian State, Shell Exploration and Production Ukraine Investments (IV) B.V. and “NADRA YUZIVSKA”, Ltd.

 


 


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