Royal Dutch Shell Delivers Latest Blow To European Shale
Royal Dutch Shell may be looking to exit Ukrainian shale as conditions in the region have prompted a delay
Royal Dutch Shell Plc (ADR) (NYSE:RDS.A) has delivered the latest blow to European shale, as it considers withdrawal from its last Ukrainian exploration well.
With Nadra Yuzivska as its partner, the European oil major signed a production sharing agreement (PSA) to explore the Yuzivska shale gas field, which was discovered in 2010.
However, the recent conflict between Russia and Ukraine has prompted Shell to put the project on hold for almost a year, as it has not been able to fulfill its commitments for the Yuzivska project.
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