Shell Exploration & Production Ukraine Investments (I) B.V. has signed a non-binding memorandum of understanding with Regal Petroleum plc, to acquire a 51% interest in Regal Petroleum, a wholly owned subsidiary of Regal Petroleum plc indirectly holding the licenses for the Mekhediviska-Golotvschinska and Svyrydivske gas fields in Ukraine.

Under the terms of the MOU, Shell would become the operator of the gas fields, which are in the Dniepr Donetsk sedimentary basin where most of Ukraine’s gas and condensate production is located.

complete reading this news at : rigzone.com