Tuesday, September 18, 2012

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Gas Shale potential in Ukraine has been highlighted by some international major oil and gas potential, and some minor oil and gas companies have already secured some acreage within Ukraine for potential exploration of Gas Shale plays.


Preliminary estimates indicate potentially over 400 TCF of recoverable gas resources present in Donets Basin alone. Carpathians and Northern Crimea buy black uggs australia boot for sale together with offshore Black Sea could add to these numbers.


Reference is made to a book about this issue:


UKRAINE GAS SHALE POTENTIAL


However, more geotechnical work and data collection is needed in order to fully understand Ukraine Gas Shale potential. In addition regulations and framework for oil and gas companies pursuing these opportunities have to be clarified, together with a more transparent energy sector in Ukraine.


Ukraine authorities need to create incentives for the international oil and gas industry to invest time and money in Ukraine to develop these resources. It is clear that the investment level is too high for Ukraine buy black uggs australia boot for sale to develop these resources by themselves.


International gas shale experience has to be brought to Ukraine at the same time as Ukrainian experts have to be developed to take ownership of these resources and to ensure an optimal exploration buy black uggs australia boot for sale and development strategy for these resources.

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