Shell is satisfied with the data obtained from drilling Biliayivska-400 well (Pervomaisk district, Kharkiv region) under the joint operations agreement with PJSC Ukrgazvydobuvannia, Company Head in Ukraine Graham Tiley has told Interfax-Ukraine.

"Now I cannot give the results – it's too early [we still need time for testing]. But from the point of view of the data obtained, the well is successful," he said on the sidelines of the tenth Yalta annual meeting on Friday.

Tiley noted that the drilling of the Biliayivska-400 well was completed on September 16, and at present the drilling equipment is being moved to perform work on the second well under the agreement – Novo-Mechebylivska-100 (Blyzniuky district, Kharkiv region).

As reported, the drilling of Biliayivska-400 well began in October 2012.

Shell plans to invest about $200 million in gas deposit exploration in Kharkiv region under the agreement with Ukrgazvydobuvannia.

The agreement foresees the drilling of three exploration wells, exploration and production of hydrocarbons in the compacted sands over an area of 1,300 square kilometers.

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