Company Vanco Pruckerchenska Ltd. (British Virgin Islands) said that despite the arbitration process, is ready for substantive negotiations with the Cabinet of Ministers of Ukraine on early project for the development Prikerchenskogo site on the shelf of the Black Sea.
This UNIAN reported the press service of the company.
The report notes that in Stockholm continues arbitration process initiated Vanco Pruckerchenska against the government of Ukraine.
The company is confident of victory in this trial, but instead of litigation, it is still ready for substantive negotiations with the Cabinet of Ministers on the early start of the project for the development Prikerchenskogo plot, - says the message.
The company notes that in spite of the existing Production Sharing Agreement (PSA) signed with the Government of Ukraine on 17 October 2007, Vanco Pruckerchenska willingness to hold a three-dimensional (3D) seismic survey to Prikerchenskom station shelf of the Black Sea in the 4 200 square meters. km, despite the company plans proburit 2 deep wells in the first three years of work, the government of Yulia Tymoshenko still unreasonably hinders project delivery Prikerchenskogo of the company Vanco Pruckerchenska.
lost a potential leader position at the end of 2007, Ukraine is now significantly lags behind neighboring states in the development of deepwater oil and gas fields in the Black Sea.
The present Government wanton Ukraine denies the possibility of tangible progress on the path to energy security and energy independence, which in turn would contribute to economic development, - noted the report.
The company also said that a Romanian oil company Petrom and the Exxon Mobil Exploration Company have already begun development of the Neptune in the Romanian part of the Black Sea. Thus, now Romania, and Turkey began to develop deepwater oil and gas exploration in their territories the Black Sea.
Unfortunately, the current Government, as always, is all the same unconstructive position, blocking our project. That is why Ukraine will continue to lag behind Turkey and Romania in the development of deepwater oil and gas fields in the Black Sea, - stressed President Vanco Pruckerchenska Jim Baounieh.
in 2006 Vanso International Ltd. won the first open competition, and concluded in October 2007 with the Cabinet of Ministers of Ukraine Production Sharing Agreement (PSA), which will be produced in the bowels of the Prikerchenskogo continental shelf of the Black Sea.
Vanco International transferred all rights and obligations under the PSA company Vanco Prykerchenska.
Vanco Pruckerchenska is a unit of Vanco International, a subsidiary of Vanco Energy, owner and president of which is its founder Gene Van Dyck.
Vanco Pruckerchenska engaged in exploration and development of oil and gas fields in the Black Sea shelf Prikerchenskom (draft). The project includes three promising areas: Sudak plaited belt, Sudak deep-water fold belt and the area's aunt. Total land area is 12 960 sq. km. km, the depth of the sea - from 70 to 2200 m. The project implementation is planned in two phases: the search of work, as well as the development and production. Total investment in the project amounted to more than $ 15 billion.
25 April 2008 The Ministry revoked the license from Vanco Pruckerchenska Ltd. for royalty.
May 21, 2008 the Cabinet of Ministers of Ukraine adopted a decision to unilaterally withdraw from the agreement with Vanco on the distribution of products.
July17, 2008 company Vanco Pruckerchenska start arbitration proceedings against Ukraine in accordance with the requirements of the Arbitration Institute of the Chamber of Commerce in Stockholm (Sweden) on the conflict in the PSA.
Currently, the Arbitration Institute of Stockholm Chamber of Commerce continues to arbitration proceedings against Ukraine on the implementation of the PSA with Vanco Pruckerchenska.
After the release of statistics on the U.S. growth rate of the Russian stock indexes began to decline sharply
In control of Sibur Holding was established rule
The course has increased the dollar - the evening review of cash markets
If it were not for excise tax on cigarettes, in July, inflation would not be?
CEC may start a presidential campaign on 19 September
Fitch downgraded the ratings of Armenia from the BB to BB-, outlook stable
Technically, the MICEX index has continued to consolidate in the characteristic of the last time for him between 1084 - 1120 points
At the end of the trading the MICEX currency market the U.S. dollar at the ETC in the calculations tomorrow was 31.9835 rubles. the dollar
RusGidro granted the request of investors to purchase additional shares in the amount of 7.5 billion rubles