Monday, May 13, 2013

Shale Compendium: Poland and Ukraine

  • As of February 2012, 111 licenses for shale development were issued to thirty different companies, and 308 shale gas bores expected by 2021 (Poland Ministry Report 2012
  • Exxon Mobil withdrew from shale drilling in Poland in 2012 because of disappointing results and Talisman Energy considering withdrawing as of March 2013 (Warsaw Business Journal, Bloomberg
  • Polish Environment Minister Marcin Korolec said, “We are changing the regime so that it will be as friendly to investors as possible, and I think as a result they will intensify their activities in Poland. Adopting all of the new regulations should be a question of a few months.” (Reuters 2013
  • Polish owned PGNiG plans to drill 13 unconventional exploration wells in 2013 (Natural Gas Europe
  • Talisman Energy and San Leon Energy proceeding to horizontal drilling in 2013 (Oil and Gas Journal)

  • Ukraine signed a 50-year production sharing agreement with Royal Dutch Shell, the deal reported to be worth $10 billion (BBC News Jan. 2013). 
  • Vitaliy Klichko, member of Ukrainian Parliament, said "We need to develop shale gas in Ukraine. Hopefully, now it is our long-term plan - to become energy independent from Russia" (Google Translate™ of Gazeta 1.4.2013
  • Dniper-Donets basin being explored, Shell and ExxonMobil plan explorations, EuroGas and Total acquired lease concessions (World Oil 2012
  • Ukranian Ministry of Fuel and Energy converted a 5 year exploration license to a 20 year production license held by Kulczyk Oil (Oil & Gas Journal Jan. 2012) 

Written by Anna Leonenko, Research Fellow
Penn State Law, Agricultural Law Center
May 2013

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