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.
