Ukrnafta PJSC produced 1.170 billion cubic meters of gas in 2024, which is 6.5% more than in 2023 (1.097 billion cubic meters) and 1.418 million tons of oil, which is 0.6% more than in the previous year (1.410 million tons). According to the company’s press release on Thursday, production growth in oil equivalent in 2024 amounted to an additional 70.5 thousand tons of hydrocarbons, or 3%: 2.42 million tons against 2.35 million tons in 2023.
“Despite prolonged power outages that limited mechanized oil production, the company managed not only to compensate for the natural decline but also to ensure an increase in oil and gas volumes,” said Sergiy Koretsky, Ukrnafta’s CEO, as quoted in the press release. He added that the company has been improving its production figures for the second year in a row.
According to the company, in 2025, Ukrnafta will continue to drill new wells, upgrade equipment, replacing Soviet equipment with modern and technological equipment from world leaders, and intensify production.
“Ukrnafta is Ukraine’s largest oil producer and operator of the national network of gas stations. In March 2024, the company took over the management of Glusco 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.
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.
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.
In January-September 2024, PJSC Ukrnafta produced 1.05 million tons of oil and condensate, while JSC Ukrgasvydobuvannya produced almost 0.37 million tons, according to the consolidated financial statements of the group published on the website of Naftogaz,
According to the document, the country’s private companies produced about 0.19 million tons of oil and condensate during the reporting period.
At the same time, the volume of diesel fuel imports to Ukraine in the first nine months of this year increased by 7.3% compared to January-September 2023, and its total value amounted to $4.36 billion.
The report also confirms the Group’s previously announced production volume of 11 bcm of gas for the first nine months of 2024 and the production forecast for the current year of about 14.7 bcm of commercial gas.
As reported, in 2022 Ukrnafta produced 1.37 mln tons of oil and condensate (-9% compared to 2021), in 2023 – 1.41 mln tons (+3% compared to 2022).
PJSC “Ukrnafta” on December 25 announced a tender for services of compulsory insurance of civil liability of owners of motor vehicles (MTPL).
As reported in the electronic public procurement system “Prozorro”, the expected cost of the purchase of services is UAH 2.722 million. Documents are accepted until January 6.
As reported, the winner of a similar tender a year earlier was IC “Arsenal Insurance”, whose offer amounted to UAH 1.907 million at an expected cost of UAH 2.750 million.
On Wednesday, the Board of Directors of the European Bank for Reconstruction and Development (EBRD) approved a loan of up to EUR80 million to Ukrnafta under state guarantees for the construction of about 100 MW of small gas-fired distributed power plants and cogeneration facilities. According to the bank’s website, the loan will help solve the problem of electricity shortages and ensure uninterrupted power supply to households and businesses.
The total cost of the project will be EUR103.8 million, and it will also be financed by a grant of up to EUR22 million expected to be provided by the Netherlands, the United States and other donors through the EBRD’s Special Crisis Response Fund, as well as a technical support grant of EUR1.8 million from other donors.
“Ukrnafta is Ukraine’s largest oil producer and operator of the 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 now managed by the Ministry of Defense.
