In January-September 2025, Ukrnafta completed the drilling of 15 new wells, with another 10 currently being drilled. A total of 25 new facilities are planned to be commissioned by the end of the year, according to a press release issued by the company on Monday.
“We are maintaining production growth: +4.5% for oil and +1.7% for gas,” said Yuriy Tkachuk, acting chairman of the board of Ukrnafta.
According to the company, Ukrnafta uses 3D geological modeling, API-standard equipment, digital solutions, and artificial intelligence technologies to achieve significant results.
Over the past three years, Ukrnafta has conducted 1,330 square kilometers of 3D seismic surveys, which creates the basis for expanding the company’s resource base and helps to drill new wells more efficiently.
Ukrnafta is Ukraine’s largest oil production company and operates the national network of gas stations. In March 2024, it took over the management of Glusco’s assets and currently operates a total of 663 gas stations. It holds 92 special permits for industrial development of deposits. It has 1,832 oil and 154 gas production wells on its balance sheet.
The largest shareholder of Ukrnafta 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 the company’s corporate rights, which belonged to private owners, to the state, and they are currently managed by the Ministry of Defense.
Ukrnafta’s net profit for 2024 was UAH 16.38 billion.
