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Share Name Share Symbol Market Type Share ISIN Share Description
Royal Dutch Shell B LSE:RDSB London Ordinary Share GB00B03MM408 'B' ORD EUR0.07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00p -0.09% 2,110.00p 2,109.50p 2,110.50p 2,138.50p 2,102.50p 2,120.50p 5,998,254 16:07:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 179,823.5 1,389.3 21.0 89.4 79,029.77

Ukraine Chooses Exxon Mobil-led Group To Develop Black Sea Field - Interfax

15/08/2012 12:44pm

Dow Jones News


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By James Marson

MOSCOW--Ukraine has selected a consortium of Exxon Mobil Corp. (XOM), Royal Dutch Shell PLC (RDSA), Romania's OMV Petrom SA (SNP.RO) and Ukrainian state firm Nadra Ukrainy to develop an oil-and-gas field on its Black Sea shelf, Interfax cited the country's environment and natural resources minister as saying Wednesday.

The group beat out a bid by Russia's OAO Lukoil Holdings (LKOH.RS).

The consortium has pledged to invest $400 million in the initial exploration phase of the Skifska field and make a one-off payment of $325 million to Ukraine's budget, Interfax quoted the minister, Eduard Savitskiy, as saying.

Ukraine is seeking to develop oil and gas deposits to decrease its dependence on Russia for energy supplies. The field is expected to produce 3 billion to 4 billion cubic meters of natural gas a year.

Write to James Marson at james.marson@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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