Ukrnafta planning to drill 30 wells in 2025
MOSCOW. Nov 6 (Interfax) - Ukrnafta plans to drill around 30 wells, to carry out major repairs, to upgrade equipment and to intensify production in 2025, Ukrnafta CEO Sergei Koretsky said at the conference with the theme, "Day of Supplier to State-Run Oil and Gas Enterprises: Plans for 2025," as reported by Ukrainian media.
"We are planning to increase production with around 30 new wells in 2025. The overwhelming majority of them will be [drilled] with the assistance of third-party contractors. We also plan major repairs of around 120 wells, including 34 with the help of third-party contractors, in addition to 52 hydraulic fracturing operations, about 30 of them together with third parties," Koretsky said.
The company is focused on equipment upgrades, higher energy efficiency, modernization of compressor stations, and installation of booster compressor stations and block-modular equipment for preparation and measurement of hydrocarbons, he said.
"We are preparing to conduct 3D seismic surveys on about 1,250 square kilometers of areas. Industrial geophysical surveys, and design and survey work are planned, as well. We will put much emphasis on pipeline survey in 2025: it will be necessary to check around 2,500 kilometers in order to prevent ruptures and emergencies," Koretsky said.
Additionally, the company repairs and upgrades gas stations of Ukraine's largest mono-brand network. About 100 gas stations will undergo partial modernization this year.
Ukrnafta is the largest oil producing company in Ukraine and the operator of a national network of gas stations. The company took over the management of Glusco assets in March 2024 and currently operates 545 gas stations, including 460 of its own and 85 under management.
Naftogaz of Ukraine is the largest shareholder of Ukrnafta with a stake of 50% + 1 share. The Headquarters of the Ukrainian Armed Forces Supreme Commander-in-Chief decided in November 2022 that the stakes of private shareholders should be transferred to the state. They are currently managed by the Defense Ministry.
