Shell, and its partner will explore and appraise hydrocarbon plays they have identified and specifically the tight gas potential of the Yuzivska area. The Yuzivska area covers approximately 7,800 square kilometres in the Kharkiv and Donetsk regions of Ukraine.
CMS Cameron McKenna provided regulatory, corporate
and real estate advice to Shell and supported the client’s team in drafting and
negotiating the PSA with the Government of Ukraine.
The CMS team was led by Counsel Vitaliy Radchenko
and included a number of lawyers from other practice groups, under the
supervision of Daniel Bilak, managing partner of the Kyiv office.
Vitaliy Radchenko commented, “The Yuzivska PSA
project was one of the top priority projects for our office during the last few
months. It underlines the strength of our energy expertise and the ability of
our lawyers to integrate seamlessly with the legal and negotiations teams of
Shell, our long-standing client in Ukraine. This allowed all of us to negotiate
and deliver the project within a very tight time frame.”
