Vanco to give Ukraine majority of Black Sea field

摘要

Kiev, Ukrain-US independent Vanco Energy has vowed to alter a production sharing agreement in Ukraine to let the government take a majority stake in a Black Sea offshore oil development, the government said November 17. The move may lead to progress in talks with the Ukrainian government, which has twice rejected the Vanco-drafted PSA for the development of the offshore oil field near Kerch.