Bloomberg News

Eni, Cadogan to Explore Shale Gas Deposits in Western Ukraine

November 29, 2011

Nov. 29 (Bloomberg) -- Eni SpA and Cadogan Petroleum Plc agreed to explore and extract shale gas in western Ukraine, the state Geology and Resources Service said.

The companies plan to spend about $55 million exploring for shale gas in the Lviv basin from 2012 through 2015, the Geology and Resource Service said in a statement on its website late yesterday.

Eni bought stakes in Cadogan’s shale licenses in eastern Ukraine earlier this year.

--Editors: Torrey Clark, Alex Devine

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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