Ukrnafta plans to drill about 30 new wells in 2025, as well as carry out workovers, equipment upgrades and production stimulation.
This was announced by the company’s CEO Sergiy Koretsky at the conference Supplier Day for State-Owned Oil and Gas Enterprises: Plans for 2025.
“In 2025, we plan to increase production by about 30 new wells. The vast majority of them will be completed with the help of third-party contractors. We also plan about 120 workovers – about 34 with the help of third-party contractors, and 52 hydraulic fracturing operations – about 30 with external support,” he said.
According to the CEO, the company will focus on upgrading equipment and improving energy efficiency: modernizing compressor stations, installing booster compressor stations and modular equipment for hydrocarbon preparation and measurement.
“We are preparing to conduct 3D seismic surveys over about 1,250 square kilometers of area. We also plan to conduct industrial and geophysical studies, design and survey work. In 2025, we will focus on pipeline surveys: about 2.5 thousand kilometers will need to be inspected to prevent gusts and emergencies,” Koretskyi said.
The company also repairs and modernizes the filling stations of the largest mono-brand network in Ukraine. About 100 existing filling stations will be partially modernized this year. Shops and cafes will be added. Modernization of the existing filling stations and construction of new complexes is the goal for the next few years.
“All Ukrnafta’s plans are impossible without reliable partners. That is why I sincerely invite everyone to follow the updates on the company’s official resources and participate in open tenders in the Prozorro public procurement system,” said the Ukrnafta CEO.
“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 a total of 545 filling stations – 460 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 NAFTACard cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
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, which belonged to private owners and is currently managed by the Ministry of Defense.
