- Source: Oleska shale gas deposit
The Oleska shale gas deposit is an unconventional gas area in Lviv, Ivano-Frankivsk and Ternopil oblasts in Ukraine. It will begin production in 2017 and will produce natural gas and condensates. The total proven reserves of the Olesska gas field are around 53 trillion cubic feet (1.5×10^12 m3)(1500 km3) and production is slated to be around 1 billion cubic feet per day (28×10^6 m3/d). The total exploration investment is expected to be about US$350 million.
In December 2014, Chevron terminated the agreement with the Government of Ukraine. “We have just terminated that PSA (product sharing agreement),” says Peter Clark, Chevron’s country manager. “When it was signed, things had to be done, but not all of them got done.”
See also
Energy in Ukraine
List of countries by natural gas proven reserves
Natural gas in Ukraine
Yuzivska gas field – Ukrainian gas field
