Business news from Ukraine

Business news from Ukraine

“Ukrnafta” to increase 3D seismic exploration to 800 sq km in 2025

12 February , 2025  

In 2025, Ukrnafta plans to explore at least 800 square kilometers of acreage using 3D seismic technologies, up from 600 square kilometers explored in 2024.

“In 2024, Ukrnafta explored 600 square kilometers of technological area using 3D seismic technologies. In total, this is eight fields and areas of the company,” the company said in a press release on Wednesday.

The last time the company carried out such operations was more than 10 years ago.

“All the information obtained will form the basis for building digital geological models of the fields and will also become the basis for forming decisions based on artificial intelligence. The built digital models of the fields will allow us to clearly understand where the resource is located and plan new exploration drilling more accurately,” said Sergiy Koretsky, Ukrnafta’s CEO.

According to the company, the field phases of 3D surveys were conducted in difficult conditions: they worked in all seasons, on the highlands and in the lowlands of rivers and wetlands. In particular, the project was implemented in difficult mountainous conditions: for the first time in Ukraine, using a wireless data recording system.

“Ukrnafta is the largest oil company in Ukraine and the operator of the national network of filling stations. In March 2024, the company took over the management of Glusco’s assets and operates a total of 544 filling stations – 461 owned and 83 managed.

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.