2013 Ukraine Oil & Gas Industry Research Report


MarketReportsOnlie.com offers 'Ukraine Oil and Gas Report Q4 2013' new market research report to its store.

Recent exploratory successes bode well for Ukraine despite its history of energy
dependence. However, despite promising results, the country remains far from achieving independence. The
large cost of gas imports associated to the supply monopoly of Russia is pushing officials to seek to
maximise domestic production and diversify energy sources. New EIA estimates of technically recoverable
shale gas confirm that Shell's move to enter Ukraine's unconventional plays in early 2013 could be a
solution for the country. It remains that Ukraine will have to improve energy efficiency in order to reduce
the detrimental impact of energy dependence on its economy.

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The main trends and developments we highlight for Ukraine's oil and gas sector are:
? Successful completion of a 10-stage hydraulic fracturing (fracking) programme by JKX Oil and Gas and
Schlumberger in Q3 surpassed predictions. The company is due to publish detailed performance results
before the end fo the year. This outlines that there are still sources for upside potential in Ukraine
although future production is unlikely to catch-up with consumption.

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