Public Joint Stock Company "Ukrnafta" has drilled its first well in 13 years at one of its youngest and most promising fields, the company’s press service reported.
The enterprise plans to construct ten more new wells there – five each in 2025 and 2026.
At the same time, the capacity of the pipelines at the field is being expanded, as the existing infrastructure is unable to handle the anticipated production volume.
"We are currently actively working at one of the youngest fields of 'Ukrnafta,' which was discovered in 1990. The working conditions are extremely challenging – 1,080 meters above sea level, mountainous terrain, and a lack of adequate communication. The last time new facilities were built there was in 2011," noted the company’s director, Sergey Koretsky.
According to him, the company is operating at the field with its own drilling rigs, as the market has turned down the job due to its high complexity.
"Ukrnafta" is the largest oil production company in Ukraine and operates the national network of gas stations. In March 2024, the company took over the management of Glusco's assets and currently operates 547 gas filling stations – 462 owned and 85 under management.
The company is implementing a comprehensive program for the revival of its operations and the modernization of its gas station network format. Since February 2023, it has been issuing its own fuel vouchers and "NAFTAКарта" cards, sold to legal entities and individuals through LLC "Ukrnafta-Pochtach."
"Ukrnafta" holds 92 special permits for industrial development of fields. It has on its balance 1,832 oil and 154 gas production wells.
The largest shareholder of "Ukrnafta" is the National Joint Stock Company "Naftogaz of Ukraine," holding a stake of 50%+1 share.
In November 2022, the decision of the Supreme Commander-in-Chief of the Armed Forces of Ukraine was made to transfer the state the shares of corporate rights of the company that belonged to private owners, which are now managed by the Ministry of Defense.