Gassing About Ukraine
Ukraine’s oil and gas production appears to have been largely unaffected by the ongoing crisis involving Russia’s annexation of Crimea and the uprising of pro-Russian separatists in the east of the country. Most of the Black Sea state’s producing gas fields are located away from the areas of unrest, therefore through geographical location have avoided disruption. However, Ukraine has lost control of its offshore deposits due to their location in Crimean waters – with the local authorities due to hand over producer Chernomornaftogaz to Russian state-player Gazprom.
Keppel FELS to Deliver Ukraine’s second KFELS B Class Jackup Rig
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), is on track to deliver Ukraine's second KFELS B Class jackup rig ahead of schedule, within budget and with a perfect safety record. This follows the redelivery of their first jackup rig of the same design, in Ukraine in May this year. Built to Keppel's proprietary KFELS B Class design, this second jackup rig will be deployed on the Ukrainian shelf of the Black Sea for its owner Chernomornaftogaz. According to Ukraine's official estimates in 2011, the country boasts proven reserves of natural gas (1200 billion cubic meters) and oil and gas condensate (220 million tons).