Over three years, JSC Ukrnafta explored 1,330 square kilometers using 3D seismic exploration to expand its resource base and improve the accuracy of geological modeling.
“One of the main strategic objectives is to increase hydrocarbon reserves,” the company said in a statement.
To this end, Ukrnafta is investing in modern geophysical research, which makes it possible to identify new promising reservoirs and plan drilling more efficiently.
According to Yuriy Tkachuk, acting chairman of the board of Ukrnafta, in 2025, the total area of 3D seismic exploration will be approximately 750 square kilometers.
“The field phase has already been completed at two fields, another is in progress, and research at three new fields is planned by the end of the year. This is consistent work that ensures long-term stability of production,” he said.
The company emphasized that Ukrnafta was the first in Ukraine to apply wireless 3D seismic technology in mountainous conditions. This approach makes it possible to work in difficult geological conditions, minimizes environmental impact, reduces the duration of field work, and ensures higher accuracy of geophysical data. The results obtained form the basis of digital geological and hydrodynamic models that help predict production dynamics and make informed technical decisions.
In 2026, the company plans to continue 3D seismic exploration at the most promising fields.
Ukrnafta is Ukraine’s largest oil production company and operates a national network of gas stations. In March 2024, it took over the management of Glusco’s assets and currently operates a total of 663 gas stations. It holds 92 special permits for industrial development of deposits. It has 1,832 oil and 154 gas production wells on its balance sheet.
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, and they are currently managed by the Ministry of Defense.
Ukrnafta’s net profit for 2024 was UAH 16.38 billion.
