Business news from Ukraine

PJSC Ukrnafta has announced a tender for 3D seismic surveys at Verkhnemaslovetske and South-Eastern part of Novoskhidnytske fields.

According to the company’s announcement in Prozorro, the expected value of the tender is UAH 256 million (excluding VAT), and the auction is scheduled to start on January 23.

As reported, in 2025 Ukrnafta intends to drill about 30 new wells and conduct 3D seismic surveys over almost 1,250 square kilometers of land.

“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of gas stations. In March 2024, the company took over 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 now managed by the Ministry of Defense.