Shelton Petroleum is a Swedish company focused on exploring and developing concessions in Russia and Ukraine. The company holds three licenses in the Volga Urals area and has commenced production on the Rustamovskoye field after a successful exploration program. In Ukraine, Shelton Petroleum s wholly owned subsidiary has a joint venture with Ukrnafta through Zhoda Corp and Chornomornaftogaz. Shelton Petroleum s oil and gas reserves amount to million barrels P.
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