Shell and public joint-stock company Ukrgazvydobuvannia have finished drilling the second Novo-Mechebilivska-100 exploration well (Kharkiv region) under their joint operations agreement, the press service of Shell reported on Monday.

"We’ve finished drilling, carried out well-logging to receive important data and sealed up the well with cement. We're preparing for further work, including the potential testing of the well," the press service said, citing Deputy Head of Shell in Ukraine Oleksiy Tatarenko.

The well was drilled since December 2013, and its depth was planned at five kilometers. This was vertical drilling.

As reported, Ukrgazvydobuvannia and Shell in September 2013 finished drilling of the first wildcat in Kharkiv region. The well is being tested.

Shell plans to invest around $200 million under a joint operations agreement with Ukrgazvydobuvannia on exploration of gas fields in Kharkiv region, which was signed in 2006 and updated in 2011.

The agreement signed on the parity basis foresees drilling of three exploration wells, exploration and extraction of fossil fuel in sandstone on the area of around 1,300 square meters.

Shell is an international company that unites energy and petrochemical companies in 90 countries.

Ukrgazvydobuvannia, 100% owned by Naftogaz Ukrainy, is the largest gas producing company in the country, providing about 75% of the total gas production in the country.

Link: http://en.interfax.com.ua/news/economic/197222.html