Ukraine signed a shale gas production-sharing agreement, to extend for 50 years and whose potential value is USD 10 billion, with Chevron to develop the country’s western Olesska field. The agreement foresees an initial investment of USD 350 million by Chevron for exploratory work over 2 to 3 years to establish the commercial viability of shale reserves in the 2,000-sq-mile Olesska.


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