Overview of Ukraine's Legal Regime for the Upstream Oil & Gas Sector in 2012-2013
Article from: OGEL 5 (2013), in Upstream Petroleum Regulation incl. Host Government Contracts
Introduction
February 2013 - The period of 2012 and the beginning of 2013 has been marked by an avalanche of developments in the upstream sector, culminating on the 24th of January 2013 in the signing of the Production Sharing Agreement ("PSA") with Shell. The signing, which symbolically took place at the World Economic Forum in Davos, signifies a new era in Ukraine's energy sector ensuring exploration and production of domestic natural resources, most importantly Unconventional Resources (Shale Gas, Tight Gas, Shale Oil, etc.), as well as Black Sea development. A number of PSAs are expected to ...