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CMS Cameron McKenna advises Shell on the first tight gas PSA in Ukraine
CMS Cameron McKenna LLC, Kyiv, Ukraine,
Monday, January 28, 2013
The Kyiv office of CMS Cameron McKenna has successfully advised Shell on the first production sharing agreement (PSA) for tight gas in Ukraine, which was signed on the sidelines of the World Economic Forum on Thursday, 24 January, between Shell, Nadra Yuzivska LLC and the Government of Ukraine.
Shell, and its partner will explore and appraise hydrocarbon plays they have identified and specifically the tight gas potential of the Yuzivska area. The Yuzivska area covers approximately 7,800 square kilometres in the Kharkiv and Donetsk regions of Ukraine.
CMS Cameron McKenna provided regulatory, corporate and real estate advice to Shell and supported the client's team in drafting and negotiating the PSA with the Government of Ukraine.
The CMS team was led by Counsel Vitaliy Radchenko and included a number of lawyers from other practice groups, under the supervision of Daniel Bilak, managing partner of the Kyiv office.
Vitaliy Radchenko commented, "The Yuzivska PSA project was one of the top priority projects for our office during the last few months. It underlines the strength of our energy expertise and the ability of our lawyers to integrate seamlessly with the legal and negotiations teams of Shell, our long-standing client in Ukraine. This allowed all of us to negotiate and deliver the project within a very tight time frame."
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Notes to editors
About CMS Cameron McKenna in Kyiv: CMS Cameron McKenna in Ukraine gives you access to over 25 domestic and internationally qualified lawyers, who combine their understanding of the Ukrainian market with the requirements and expectations of global organisations and investors. We are consistently highly ranked in the fields of Energy and Natural Resources, Corporate and M&A, Commercial, Banking and Finance, and Real Estate by the major international directories such as Chambers Global, IFLR, Legal 500 and others. We have also been recognised The Best International Law Firm for the three years in a row (2009-2011) by Yurydychna Practika.
Our Energy Projects and Construction (EPC) practice group in Kyiv is the leader in the Ukrainian energy sector and the team has been ranked as the Top Energy practice in the country (Chambers Europe 2012, Corporate INTL Legal Awards 2010, and Ukrainian Law Firms 2009-2012). According to the newly published Chambers Europe 2012, the leading international directory in Europe, CMS Cameron McKenna has been recognised for its excellence in the Energy and Natural Resources sector in Ukraine and has become the only Band 1 law firm in this practice area.
For further information, please contact:
Liliya Omelyanenko, CMS Cameron McKenna
liliya.omelyanenko@cms-cmck.com / + 380 44 391 33 77
CMS aims to be recognised as the best European provider of legal and tax services. Clients say that what makes CMS special is a combination of three things:
- strong, trusted client relationships
- high quality advice
- industry specialisation
We combine deep local expertise and the most extensive presence in Europe with cross-border consistency and coordination.
CMS has a common culture and a shared heritage which make us distinctively European.
CMS operates in 28 jurisdictions, with 53 offices in Western and Central Europe and beyond. CMS was established in 1999 and today comprises 750 Partners and over 2,800 lawyers. CMS is headquartered in Frankfurt, Germany.
