PJSC Ukrnafta has started drilling a new exploration well in western Ukraine, the company’s director Sergiy Koretsky said on Facebook on Friday.
“The design depth is 2754 meters. It is planned that the new well will reveal productive layers of menilite deposits,” he wrote.
The company is performing the work with its own rig, the Ukrnafta Drilling business unit.
The initial production rate is expected to be 16 tons per day.
As the head of the company reminded, Ukrnafta is also preparing to build two oil wells in the east of the country, which will produce more than 100 tons of oil per day. Both have design depths of about 4.5 km.
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.
The company’s strategic goal is to double oil and natural gas production to 3 million tons and 2 billion cubic meters by 2027, respectively.
“Ukrnafta is the largest oil producer in Ukraine and the operator of the national network of filling stations. In March 2024, the company started managing 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, Ukrnafta has been issuing its own fuel coupons and NAFTAKarta 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.
