According to the results of 2025, JSC Ukrnafta drilled 25 new wells and increased oil and gas production in oil equivalent by 3.39% compared to 2024.
“New drilling, intensification, and other measures taken collectively enabled Ukrnafta to increase its production in 2025 by 3.39% in oil equivalent compared to 2024. In particular, oil production increased by 3.77%, and gas production by 2.86%,” the company said in a press release on Tuesday.
In 2025, the company drilled 25 new wells, which was 150% more than in 2024, when 10 wells were drilled, and became a record figure in recent years.
“Seven of these wells were drilled by the company’s own forces, which indicates the growth of internal production capabilities,” the company added.
According to Ukrnafta, drilling volumes began to grow steadily after the company came under state control. Until 2023, the pace of new drilling remained minimal, averaging one to two wells per year.
“In fact, in 2025, the same number of wells were built as in the entire period from 2015 to 2022. At the same time, the volume of drilling by the company’s own forces is also growing,” the company said.
In particular, 6,188 m were drilled in 2023, 11,082 m (+79%) in 2024, and 18,994 m (+71%) in 2025.
“We are increasing drilling within the limits of existing special permits and at the same time restoring our own drilling capacities. This allows us to systematically increase the volume of work and reduce dependence on external contractors,” said Bogdan Kukura, Chairman of the Board of JSC Ukrnafta.
It is noted that a separate focus of attention for Ukrnafta is to increase the efficiency of well construction.
“The approach to the construction of drilling sites and access roads has been updated; we are continuing to replace outdated logistics equipment. As a result, the time required for installation and dismantling work has been reduced by 24% — to 10 days of savings on the construction of one well — and the amount of equipment used has been reduced,” the company stated.
Ukrnafta JSC is Ukraine’s largest oil production company and the operator of the largest national network of gas stations — UKRNAFTA. The company has 1,807 oil and 164 gas production wells on its balance sheet.
In 2024, the company entered into asset management with Glusco. In 2025, it completed an agreement with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 663 gas stations.
The company is implementing a comprehensive program to restore operations and upgrade the format of its network of gas stations. Since February 2023, it has been issuing its own fuel vouchers and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
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, which is now managed by the Ministry of Defense.
