Ukraine, energy companies agree to sign PSA on Skifske hydrocarbon deposit within one month

Ukraine and leading international energy companies have signed an agreement to conclude a production sharing agreement (PSA) on the Skifske hydrocarbon deposit on the Black Sea shelf. The official signing ceremony took place in New York on Wednesday, an Interfax-Ukraine correspondent reported. Ukrainian Energy and Coal Industry Minister Eduard Stavytsky signed the agreement on behalf of Ukraine’s Cabinet of Ministers. The agreement was also signed by representatives of ExxonMobil, Royal Dutch Shell and OMV Petrom S.A. “We’ve taken the first step under laws in effect, which should be realized when a production sharing agreement is signed. We have identified the areas that will allow us to complete the [PSA] signing, which, as our colleagues and I believe, will take place within a month’s time in Kyiv,” Stavytsky said after the signing of the agreement.

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