To put pressure on Putin, you put pressure on Exxon Why Rex Tillerson/Exxon/Russia/Trump
By John Daly - May 07, 2014, 5:14 PM CDT
Russia’s annexation of Crimea has totally upended Kiev’s plans for Black Sea and Sea of Azov offshore oil and natural gas production.
Before the peninsula’s March 16 independence referendum, followed two days later by Russian annexation, Ukraine’s state-owned Chornomornaftogaz (“Chernomorneftegaz” in Russian) owned 17 hydrocarbon fields, including 11 natural gas fields, four gas condensate fields, and two oil fields, along with 13 offshore platforms in the Black Sea and Sea of Azov.
Among foreign companies interested in Crimea’s offshore hydrocarbon assets were ExxonMobil, Royal Dutch Shell and Petrom.
Pre-annexation, Chornomornaftohaz also held a 100 percent interest in five offshore license blocs – Vostochno-Kazantipskoe in the Sea of Azov and Odesskoe, Bezymiannoe, Subbotina and Palasa in the Black Sea. Crimea was third in Ukrainian natural gas production after the Kharkov and Poltava regions.
http://oilprice.com/Energy/Energy-General/Russia-Claims-Ukraines-Black-Sea-Oil-And-Gas-Bounty.html
http://www.platts.com/news-feature/2014/naturalgas/ukraine-crisis-energy-implications/ukraine-black-sea-hopes
