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Agreement on the hydrocarbons distribution produced within the Scythian site was signed in the presence of President of Ukraine Viktor Yanukovych in New York, the President’s press service informs.
The agreement was signed by energy and coal industry minister of Ukraine Eduard Stavytsky and representatives of "Exxon Mobil Exploration and Production off Ukraine", "Shell Exploration & Production", "OMV Petrom SA".
According to Stavytsky, the signing of the Agreement shall be held within a month in Kyiv. "With this agreement, we have taken the first step in accordance with the applicable law, which is to happen before the signing of the production sharing agreement," he said.
According to him, the practical works can begin on sites "Scythian" in the Black Sea this year. Energy and coal industry minister said that at first there will be held geoseismic researches in the Black Sea to define areas to drill wells in.
Stavytsky noted that according to estimates, made by "Exxon Mobil", 8-10 billion cubic meters of gas can be annually produced with commercial development within the Scythian site.