Independents eye Ukrainian E&D projects

CBM Energy's Donetsk License Blocks [61,110 bytes] Ukraine Block [143,602 bytes] Independent petroleum firms are showing increasing interest in oil exploration and development projects in Ukraine. Current projects include oil, gas, and coalbed methane development schemes. Odessa Petroleum Corp., Vancouver, B.C., acquired an 80% interest in the Belolessky block in southwestern Ukraine. The company has started drilling in the East Sarata-Yaroslav prospect on the block and is gathering data on wells drilled under the Soviet system (OGJ, Dec. 1, 1997, p. 108). Meanwhile, Odyssey Petroleum Corp., Calgary, has terminated its agreement with Calgary's Trident (88) ...

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