Friday, 28 Jan 2011
RIA Novosti citing Mr Nikolai Azarov Prime Minister of Ukraine as saying that, Ukraine intends to buy a drilling platform from Singapore this year to extract hydrocarbons on the Black Sea shelf and reduce its dependence on natural gas imports.
The Kerch section of the Black Sea shelf alone has been estimated to contain 10.8 billion cubic meters of natural gas, which could increase Ukraine annual gas production by 4 billion cubic meters and oil production by 3 million metric tons.
Mr Azarov said Ukraine was also negotiating the purchase with other countries and planned to extract gas from alternative sources, such as shale and coal layers. He said that "We are in talks with an American company on transfer of the relevant technology, adding that the government's plans were above all aimed at reducing Ukraine's dependence on gas imports from Russia.”
Although the Black Sea shelf is rich in hydrocarbons, they lie around two kilometers under water and can only be reached by floating drilling platforms. Ukraine Chernomorneftegaz oil and gas Exploration Company currently only has stationary platforms that do not reach beyond 70 meters.
(Sourced from RIA Novosti)
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