A draft concept of development of hydrocarbon extraction in the Ukrainian shelf of the Black Sea and the Sea of Azov for 2007 - 2015 envisages opening 13 new wells.
In 2015 the volume of gas extraction from the sea shelf is expected to reach 6.5 bn. cu. m. per year, gas condensate 700,000 tons and oil 3.56 million tons.
Presently, the Ukrainian shelf is being explored by the state-run joint-stock company "ChornomorNaftoGaz". The company runs 7 wells, including 4 wells on the shelf (three in the Black Sea and one in the Sea of Azov) and three wells overland.
In 2006 "ChornomorNaftoGaz increased gas extraction by 1.8% up to 1.3 bn. cu. m.
