PJSC Ukrnafta has drilled the first well in 13 years at one of its youngest and most promising fields, the company’s press service reports. The company plans to build ten more new wells there – five in 2025 and 2026.
At the same time, the field is expanding its pipeline capacity, as the current infrastructure is not able to handle the expected production.
“We are actively working at one of Ukrnafta’s youngest fields, discovered in 1990. The working conditions are extremely difficult – 1080 meters above sea level, mountainous terrain, lack of sufficient communications. The last time new facilities were built there was in 2011,” said Sergiy Koretsky, the company’s director.
According to him, the company is working at the field with its own rigs, as the market refused to buy them due to the great complexity.
“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of filling stations. In March 2024, the company took over the management of Glusco’s assets and operates 547 filling stations – 462 owned and 85 managed.
The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, the company has been issuing its own fuel coupons and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
“Ukrnafta holds 92 special permits for commercial development of fields. It has 1832 oil and 154 gas production wells on its balance sheet.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company owned by private owners, which is currently managed by the Ministry of Defense.
