Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Exxon Mobil Corporation    XOM

Delayed Quote. Delayed  - 05/26 10:01:59 pm
89.8 USD   -0.51%
05/25DJExxon, Chevron Shareholders Narrowly Reject Climate-Change Stress..
05/25DJExxon, Chevron Shareholders Narrowly Reject Climate-Change Stress..
05/25 CHEVRON : Energy reserves proposal has Chevron over a barrel
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Ukraine Picks Exxon Mobil-led Group to Develop Black Sea Field

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/15/2012 | 08:59pm CEST

(Adds company comment, in the fifth paragraph.)

 
   By James Marson 
 

MOSCOW--Ukraine has selected a consortium of Exxon Mobil Corp. (>> Exxon Mobil Corporation), Royal Dutch Shell PLC (RDSA, RDSA.LN), 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 (>> Neftyanaya kompaniya LUKOIL OAO).

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 its oil-and-gas deposits to decrease its dependence on Russia for energy supplies. The field is expected to produce three billion to four billion cubic meters of natural gas a year.

Exxon, in a statement, said it "is pleased by today's announcement" by the Ukrainian government. "We look forward to receiving the formal resolution of the Ukraine Cabinet of Ministers" on the award of the block.

--Angel Gonzalez in Houston contributed to this article.

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

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

Stocks mentioned in the article : Exxon Mobil Corporation, Neftyanaya kompaniya LUKOIL OAO
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on EXXON MOBIL CORPORATION
05/26 EXXON MOBIL : Senators demand US halt inquiries into climate denial by oil compa..
05/26 EXXON MOBIL : Trump steps up attacks on Clinton's trustworthiness
05/25DJExxon, Chevron Shareholders Narrowly Reject Climate-Change Stress Tests -- 2n..
05/25DJExxon, Chevron Shareholders Narrowly Reject Climate-Change Stress Tests -- Up..
05/25 CHEVRON : Energy reserves proposal has Chevron over a barrel
05/25DJExxon, Chevron Shareholders Narrowly Reject Climate-Change Stress Tests
05/25 EXXONMOBIL CEO : ending oil production 'not acceptable for humanity'
05/25 CHEVRON : Climate change proposals for Exxon, Chevron shareholders
05/25 EXXON MOBIL : Ceres Statement on Exxon and Chevron Shareholder Votes
05/25 CHEVRON : Exxon, Chevron shareholders reject climate resolutions
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials