Date: 4 weeks ago   Category: Financial

Geologists have no money for drilling in the Black Sea


Geologists have no money for drilling in the Black Sea
The annual budget Gosgeonedr on performance of exploration works makes only 100 million UAH a year. The only research vessel in Ukraine the Seeker has finished search of oil and gas on the shelf of the Black Sea. About it on Wednesday, August 15, the press service Public service of geology and a subsoil of Ukraine has reported. According to the message, works on processing of geochemical and geophysical data are now carried out, search drilling isn't planned. "For today works on data processing which represent only an insignificant part of the provided sea works are continued. Performance of sea geological researches on specification of perspective oil and gas structures is at an initial stage", - the deputy Gosgeonedr Oleg Kirilyuk has noted. "Sea researches and their processing are rather expensive process both on time, and in means. As in recent years the annual budget Gosgeonedr on performance of exploration works in branch makes only 100 million UAH, deadlines of completion of researches will depend first of all on the level of their financing. Therefore also the question of search drilling in the specified territory isn't necessary today", - he has added. Also he has noted that the cost of one well in the Dnieper and Donetsk hollow is 150-200 million UAH, and the cost of drilling of 1 meter of the well on water areas is in limits of 10 thousand dollars. We will note, the vessel Finder has moved off in searches of oil and gas in the Black Sea on July 6. At the end of November, 2016 the Seeker has carried out the first stage of sea works on the northwest shelf of the Black Sea. As scientists note, reserves of gas make not less than 40 billion cubic meters of gas on the area of 7 thousand square meters. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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