Ukraine has approves joint offshore exploration

Ukraine has approves joint offshore exploration

Ukraine has approved a joint offshore exploration bid led by ExxonMobil and Royal Dutch Shell to unlock oil and gas reserves deep under the Black Sea, the Financial Times reported on Wednesday.
The newspaper cited three people familiar with the situation as saying the grouping, which also includes Romania’s OMV Petrom and Ukraine’s state company Nadra, was chosen in a tender process over Russia’s Lukoil .
>Oil and Gas Press

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