Second round of parliamentary election to be held in Lithuania on SundayWorld October 23, 2:49
Russian Duma delegation to take part in BRICS forum, IPU Assembly in GenevaRussian Politics & Diplomacy October 23, 2:11
Ceasefire in Syria violated 44 times in 24 hours — Russian reconciliation centerWorld October 23, 1:36
Russian national delegation would be more effective at US election — expertRussian Politics & Diplomacy October 23, 1:09
Russia looks to produce Zika vaccine in Nicaragua — health ministerSociety & Culture October 23, 0:20
Russian diplomat calls to compare death tolls in Iraq under Hussein vs under US ruleRussian Politics & Diplomacy October 22, 21:00
US-led coalition delivers air strike on civilian procession in Iraq — Defense ministryWorld October 22, 18:45
Gazprom supplies to Europe reach record-breaking 590 mln cubic meters on FridayBusiness & Economy October 22, 18:24
Minsk protests against Ukraine's forced return to Kiev of Belavia planeWorld October 22, 14:05
KIEV, November 28. /ITAR-TASS/. Ukraine signed a production sharing agreement (PSA) with Italy’s Eni and France’s Electricite de France on Wednesday, the press service of the country’s Ministry of Energy and Coal Industry told Itar-Tass.
Energy Minister Eduard Stavitsky, who signed the document from the Ukrainian side, said that the investment volume under the project could exceed $4 billion.
The agreement provides for the production of hydrocarbons (mainly oil) on the Black Sea offshore fields Subbotino, Abikha, Mayachnaya and Kavkazskaya. Their total area is 2,000 square meters and the depth at seabed does not exceed 100 meters.
“The annual oil production under the basic scenario will reach two million tonnes, and according to an optimistic scenario - three million tonnes,” the minister said.
At the first stage, the investment volume should reach some $350 million. At this stage it is planned to conduct a 3D seismic survey of the fields and drill four wells.
According to the PSA, investors will take 75% of the produced resources, and the state — 25%.
“This project provides for an additional fee that the state will receive in the form of a production bonus, which will amount to $2.2 per barrel of oil or oil condensate, and $1.1 per barrel of oil equivalent per one thousand cubic meters of gas,” the minister said.