Business news from Ukraine

UKRAINIAN VESSEL TO START FOSSIL FUEL EXPLORATION NEAR SNAKE ISLAND IN NOV

16 November , 2016  

KYIV. Nov 16 (Interfax-Ukraine) – A research vessel Iskatel on November 17 will start a voyage from Odesa to explore shelf for oil and gas near the Snake Island in the Black Sea.

The press service of Ukraine’s State Service of Geology and Deposits, the Iskatel vessel is the only research vessel in Ukraine. It would resume exploration of shelf after a three-year idle period. In 2015 the vessel was repaired.

The Iskatel vessel is a unique vessel for seismic and exploration works.

The press service said that the southern area of the country is a promising one and the least explored.