Ukrnafta and Ukrgazvydobuvannya have begun joint well drilling

PJSC "Ukrnafta" and JSC "Ukrgazvydobuvannya" have completed their first joint project to drill a gas well 5,681 meters deep at one of Ukrnafta's fields. This initiative was launched as part of efforts to strengthen synergies between companies within the Naftogaz Group for more efficient use of resources. 

This was announced by Serhiy Koretskyi, Chairman of the Board of NJSC Naftogaz of Ukraine.

According to the division of responsibilities, Ukrgazvydobuvannya provided the drilling process using its own equipment, while Ukrnafta will be responsible for the subsequent operation of the facility. The partners have planned to drill eight more new wells by 2026 as part of this cooperation.

Developing domestic production remains a priority for Ukraine’s energy security amid constant shelling of infrastructure by Russia. Ukrnafta, which currently operates a network of nearly 700 gas stations following the integration of Glusco and Shell’s assets, is actively restoring its production capacity through strategic partnerships. Combining the technical capabilities of the largest state-owned companies allows for faster project implementation and increased volumes of domestic gas supply.

As a reminder, 100% of the shares in Ukrgazvydobuvannya and a controlling stake in Ukrnafta are owned by Naftogaz of Ukraine. Currently, the Ministry of Defense manages the private owners’ stake in Ukrnafta pursuant to a decision by the Supreme Commander-in-Chief.

A Canadian expert has been appointed to head the Supervisory Board of NJSC Naftogaz of Ukraine.

Naftogaz has begun supplying liquefied natural gas via a terminal in Germany.