For the first time in its history, Ukrnafta received million-dollar dividends in 2023 from the transportation and production company Naftotransservice and the security firm Security, in which it holds a 49.9% stake.
“The general meeting of shareholders of Naftotransservice LLC decided to pay dividends for 2020, 2021, 2022 – a total of about UAH 6.3 million. As for Security LLC, it is almost UAH 14 million for the same period plus for the first nine months of 2023,” the company said, citing Serhiy Koretsky, Ukrnafta’s CEO.
Thus, the total revenue exceeded UAH 20 million.
The next dividend payment for 2023 is expected in February 2024 from both companies.
“These are the first funds from the results of their operations since 2020,” the company emphasized.
“Ukrnafta is the largest oil company in Ukraine, which operates a national network of 537 filling stations, of which 456 are operational.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense, to the state.
PJSC Ukrnafta plans to start construction of 30 new wells in the west and east of the country in 2024, the company said in a press release citing the company’s director Serhiy Koretsky on Monday.
“In 2024, we plan to start construction of 30 new wells in the East and West of the country, some of which may become transitional wells due to the full utilization of our own rigs and the small capacity of the drilling market in Ukraine,” the CEO said.
According to him, Ukrnafta does not rule out the possibility of accelerating the processes through cooperation with international and Ukrainian partners.
“I am grateful to drillers, geologists, engineers and partners for the fact that Ukraine can increase production of the resource,” Koretsky added.
As reported by the company, Ukrnafta commissioned eight new wells in western and eastern Ukraine in 2023 with a total production rate of 238 tons of oil per day. Five wells were drilled with the company’s own drilling rigs, and three were drilled with the help of contractors who won tenders in the state procurement system Prozorro.
“Nine new wells were planned, and we held a tender for the last one at the end of 2023, but it takes time to bring the equipment to the site. Drilling will begin in the coming days,” the company said.
As reported, in 2023, Ukrnafta increased oil and condensate production by 3% (by 39.9 thousand tons) compared to 2022 – up to 1 million 409.9 thousand tons, gas production by 5.8% (by 60.4 million cubic meters), up to 1 billion 97.4 million cubic meters.
“Ukrnafta’s strategic goal is to double its oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively.
“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of 537 filling stations, of which 456 are in operation.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense, to the state.
PJSC Ukrnafta has increased its reserves by 330 thousand tons of oil and 618 million cubic meters of gas by expanding the boundaries of two existing special permits, the company’s press service reports.
According to the company, the reason for expanding the boundaries of the special permits is to bring their size to the contours of the field’s productive deposits.
The subsoil area of the first special permit now amounts to 18.33 square kilometers, which is 23.1% more than the previously granted area. Total reserves increased by 217 thousand tons of oil and condensate and 232 million cubic meters of gas.
The area of the second license increased by 16.3% to 41.75 square kilometers. Total reserves increased by 113 thousand tons of condensate and 386 million cubic meters of gas.
“By 2023, the company has expanded the boundaries of special permits only twice. I thank the company’s employees who prepared and submitted the necessary applications and packages of documents to the State Service of Geology and Subsoil of Ukraine, after which the relevant orders were received, thus increasing the opportunities for resource extraction,” said Sergiy Koretsky, CEO of Ukrnafta.
As reported, in 2023, Ukrnafta increased oil and condensate production by 3% (by 39.9 thousand tons) compared to 2022 – up to 1 million 409.9 thousand tons, gas production by 5.8% (by 60.4 million cubic meters), up to 1 billion 97.4 million cubic meters.
“Ukrnafta’s strategic goal is to double its oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively.
“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of 537 filling stations, of which 456 are in operation.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense, to the state.
In 2023, Ukrnafta paid over UAH 25.7 billion in taxes, including UAH 4.36 billion in income tax, said Sergiy Koretsky, CEO of the company.
“By paying taxes, each of us helps the Ukrainian defense forces in the fight against the common enemy. In turn, each hryvnia received by the budget should be transformed into high-quality body armor, uniforms, drones, weapons, ammunition and other important purchases for the army. By paying taxes, we make the best investment together – in our free future!” he wrote on his Facebook page.
As reported, in 2023, Ukrnafta increased oil and condensate production by 3% (by 39.9 thousand tons) compared to 2022 – up to 1 million 409.9 thousand tons, gas production by 5.8% (by 60.4 million cubic meters), up to 1 billion 97.4 million cubic meters.
“Ukrnafta’s strategic goal is to double its oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively.
“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of 537 filling stations, of which 456 are in operation.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense, to the state.
In 2023, PJSC Ukrnafta increased oil and condensate production by 3% (by 39.9 thousand tons) compared to 2022, to 1 million 409.9 thousand tons, the company’s press service said on Monday.
Last year’s production of natural and associated petroleum gas amounted to 1 billion 97.4 million cubic meters, which is 5.8% (60.4 million cubic meters) more than in 2022.
“I would like to thank the company’s team for not only holding the natural decline in a full-fledged war year, but also increasing production. In difficult conditions, you have made every effort to achieve results,” said Sergiy Koretsky, Ukrnafta’s CEO.
According to him, in 2024, Ukrnafta plans to drill new wells and intensify production, invite partners to the fields and replace old Soviet and Russian equipment with modern world-class models.
As reported, in 2022 the company produced 1.37 million tons of oil and condensate and 1.037 billion cubic meters of gas.
“Ukrnafta’s strategic goal is to double its oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively.
“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of 537 filling stations, of which 456 are in operation.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense, to the state.
PJSC Ukrnafta is drilling a new exploration well in western Ukraine, the company’s CEO Sergiy Koretskyy wrote on his Facebook page.
According to him, the total depth of the new directional well is 2,213 meters, and more than 1,000 meters have already been drilled. The work is being carried out with the company’s own rig, which was used to drill the previous well in the same region.
The facility should provide access to two productive horizons. According to the digital 3D geological and hydrodynamic model of the field, the deeper horizon contains 464 thousand tons of recoverable reserves. The shallower horizon has 1.121 million tons of reserves.
“Thus, when we reach the resource at a deeper horizon and when production volumes decline, we can go back higher and give the well a second life with a workover. Such an approach will help the company to use the existing technological resource more efficiently,” Koretsky said.
As reported, Ukrnafta intends to drill nine new wells in 2023 and 30 in 2024. The company’s strategic goal is to double its oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively. According to the latest forecast, oil production in 2023 is expected to increase by 4% to 1.405 mln tons.
“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of 537 filling stations, of which 456 are in operation.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense, to the state.
