Romanian companies are beginning to develop oil fields at Snake Island. Country's major oil and gas company Rompetrol Group stated that invests in the exploration and development of the Romanian shelf of the island's $ 500 million experts believe that the investment will strengthen Rompetrol oil and interest to the Ukrainian segment of the shelf.

That unit Rompetrol Group NV-Marine Resources Exploration International - this year will start the development of 9 thousand square meters. km offshore the Black Sea to the Ukrainian border with Romania, yesterday morning, reported Bloomberg, citing the information the newspaper Ziarul Financiar.

According to the company intends to have until the end of the year to spend $ 20 million to develop oil fields. Later, a formal message to Marine Resources Exploration, which says that in the next 10 years, the Romanian company intends to invest in the development of the Romanian shelf of the Black Sea about $ 500 million, with first oil production in 2011.

Rompetrol Group NV-largest Romanian oil and gas company, oil production in 13 countries. Its annual sales - $ 5 billion refinery Rompetrol owns Petromidia (capacity 4.8 million tons per year) and more than 450 filling stations. It controls 25% Romanian, 3.5% French and 1.5% Spanish market of oil products. 75% of the company's shares belong to the Kazakh oil and gas company KazMunaiGaz.

For more detailed comments in Rompetrol not. In Naftogaz not comment on the situation. But a source at the company told that the Rompetrol Group plans to extract oil is on the shelf at the station, which went to the country to address the UN International Court of Justice in The Hague: Until now, due to lack of funding Ukraine proburila only one well in these fields. And we do not even have the information, how these areas are promising. As there will Rompetrol, is difficult to provide.

The decision to invest was made after the Romanian company, in March this year, the UN International Court of Justice in The Hague announced the decision in the dispute, Ukraine and Romania on the Black Sea shelf section and the exclusive economic zones. The court decision virtually coincided with the position in Bucharest, under the jurisdiction of which is now sailing 79.34% of disputed territories. It is estimated Romanian specialists, there are significant deposits of gas (about 70 billion cubic meters) and oil (about 12 million tons).

Analyst

IC Troika Dialog Valery Nesterov said that if the Romanian company will be found large accumulations of oil and gas, it will increase interest in and to adjacent areas and, consequently, to the subsoil under the jurisdiction of Ukraine. That's what was on the Caspian shelf, which followed the discovery of deposits in Azerbaijan, investors came to Kazakhstan and Turkmenistan, - he said. And the press-service of OAO Lukoil explained that the Black Sea shelf can be a promising region for oil production, taking into account the easy delivery of a commodity produced in the EU. Investors do not want to participate in the development of the shelf, lasted until the courts and there was uncertainty. Now the situation has stabilized, and if confirm Rompetrol oil on the shelf, it is possible to predict the interest of the European oil companies, notably Shell and BP, - explained in company.

Recall that in 1999, Shell obtained a license to explore for and develop oil and gas fields offshore the Black Sea around Snake Island, which had not commenced. And at the end of May this year, Naftogaz and Shell Ukraine Exploration Production discussed possible joint development of marine shelf of the Black Sea.

However, in Ukraine in the coming of investors in the near future do not believe. I doubt that until the presidential elections, someone will realize some projects on the shelf, where the field is very expensive to develop, - said Adviser to the Prime Minister, a member of the Verkhovna Rada Committee on Fuel and Energy Complex Alexander Hudyma.

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