Chevron closes office in Ukraine

Representation "Chevron's Ukraine BV" (Chevron Ukraine BV) announced the termination of its activities in Ukraine. As stated in the declaration of representation in the media on Tuesday, the decision the board of directors Chevron Ukraine BV It adopted on July 2 this year. The paper no other details. As reported, Ukraine, the company "Chevron Ukraine BV" Ltd. and "Nadra Olesko" 5 November 2013 signed a production sharing agreement for the extraction of hydrocarbons on Olesko Square (Lviv and Ivano-Frankivsk region.). Representing Chevron Ukraine BV It was registered in January 2013.
Inferred resources are estimated at Olesko Square 2.98 trillion cubic meters of gas. Annual gas production in this area can be 5-10 billion cubic meters. It was assumed that Chevron in the first stage (the first two to three years) will direct the seismic exploration and drilling of about 350 million.
But then there is information about a possible withdrawal from the project of the American company, as deputy head of the presidential administration of Ukraine Valeriy Chaly at the end of December 2014 confirmed the information about Chevron's plans to withdraw from the project to develop the area of ​​Olesko.
July 14, 2015