TSXV:CART.H - Post by User
Post by
nozzpackon Mar 29, 2022 8:05am
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Post# 34554575
Shell and Shale Gas in Western Ukraine
Shell and Shale Gas in Western UkraineA single deep well was drilled in the RK field more than a decade ago.
The RK -1 well was drilled to 3800 m and struck tight gas but the bore was corrupted at depth.
It was re entered in 2014 but located gas higher up in the column and still produces modest amounts today.
Anyway, a short history of tight ( shale ) gas in Ukraine
Ukraine has Europe's third-largest shale gas reserves at 1.2 trillion cubic meters (tcm).[20]
There are two potentially large shale gas fields.[20]
The Yuzivska gas field located in Donetsk Oblast (province) and Kharkiv Oblast;
and the Olesska field in Lviv Oblast and Ivano-Frankivsk Oblast.[20] (Western Ukraine )
Ukraine signed a shale gas 50-year production sharing agreement with Royal Dutch Shell on 25 January 2013 involving the Yuzivska gas field.[3][25]
The $10 billion deal was the largest foreign direct investmentever for Ukraine.[25]
Full shale gas production depends on successful results from 15 test wells.[25]
On 13 September 2013 Ukrainian Prime Minister Mykola Azarov stated that the (containing all expenditures) price of shale gas will be $120–130 per 1,000 cubic meters.[34]
Ukraine originally expected commercial shale gas extraction to begin in 2017,[35][nb 7] but Shell pulled out of the project in 2015 as a consequence of the war in the Donbas region.[36]
By 2030, a production of 6-11 bcm of shale gas a year is wanted by the Ukrainian Government plans.[3]