Nadra Yuzovskaya again looks for investors for shale gas extraction at Yuzovsky deposit

Nadra Yuzovskaya has announced a tender for the attraction of an investor for the realization of the PSA on the shale hydrocarbons extraction at the Yuzovsky deposit.

The Yuzovsky deposit is located on the border of the Donetsk and Kharkov regions.

The Ukraine had great plans on gas extraction at the Yuzovsky site.

The information that Nadra Yuzovskaya was looking for investors was spread in September 2015.

The company, 90% of which belong to Nadra Ukrainy, announced that Shell, that was supposed to develop the shale gas deposit in the east of the Ukraine, quits the project.

They said it was connected with high taxes.

Someone said that Shell quits because it is difficult to work in this area.

In Jan 2013 the Ukraine signed a PSA for 50 years with Shell.

Within that time Shell was supposed to invest and extract gas at the Yuzovsky site.