The state-owned Public JSC UkrGasVydobuvannya () is the largest Ukrainian gas producer. It is a vertically integrated company with a complete production cycle: from exploration of gas and gas condensate reserves, field development, transportation, gas processing and condensate and oil refining to sales.
The company is Ukraine's largest natural gas producer, producing 70% in the country's production.
UNIAN
The Ukrainian Independent Information Agency of News () is a Kyiv-based Ukraine, Ukrainian news agency. It produces and provides political, business and financial information, and a photo reporting service. As of October 2022, it was the most v ...
(08 June 2018)
History
UGV is a subsidiary of a state-owned National
Joint-stock company
A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareho ...
"
Naftogaz
Naftogaz of Ukraine (, ''Naftogaz Ukrainy''; literally "Naphtha-Gas of Ukraine") is the largest national oil and gas company of Ukraine. It is a state-owned company
of
Ukraine
Ukraine is a country in Eastern Europe. It is the List of European countries by area, second-largest country in Europe after Russia, which Russia–Ukraine border, borders it to the east and northeast. Ukraine also borders Belarus to the nor ...
".
UGV was founded in 1998 by a merger of gas extracting divisions of SC "
UkrGasProm
Naftogaz of Ukraine (, ''Naftogaz Ukrainy''; literally "Naphtha-Gas of Ukraine") is the largest national oil and gas company of Ukraine. It is a state-owned company
" and some other Ukrainian gas extracting companies.
The
National Anti-Corruption Bureau of Ukraine
The National Anti-Corruption Bureau of Ukraine () is a Ukrainian Government, Ukrainian law enforcement agency, law enforcement anti-corruption agency which investigates corruption in Ukraine and prepares cases for prosecution. It has investig ...
has charged (former
member
Member may refer to:
* Military jury, referred to as "Members" in military jargon
* Element (mathematics), an object that belongs to a mathematical set
* In object-oriented programming, a member of a class
** Field (computer science), entries in ...
of the
Ukrainian parliament
The Verkhovna Rada ( ; VR), officially the Verkhovna Rada of Ukraine, is the unicameral parliament of Ukraine. It consists of 450 deputies presided over by a speaker. The Verkhovna Rada meets in the Verkhovna Rada building in Ukraine's capi ...
)
Oleksandr Onyshchenko
Oleksandr Romanovych Onyshchenko (, born March 31, 1969) is a Ukrainian ex-politician, show jumping rider and patron. Onyshchenko was previously a member of the Ukrainian Parliament and a member of pro-Russian Ukrainian president Viktor Yanukovy ...
as the founder and head of a criminal organization, allegedly whose members in the period from January 2013 to June 2016 stole funds during the production and sale of natural gas under joint venture agreements with UkrGasVydobuvannya.WACS arrested Onishchenko's stable in Germany
Ukrayinska Pravda
''Ukrainska Pravda'' is a Ukrainian socio-political online media outlet founded by Heorhii Gongadze in April 2000. After Gongadze’s death in September 2000, the editorial team was led by co-founder Olena Prytula, who remained the editor-in ...
(30 December 2021)
Reforms and development
In 2015, a new management was appointed in an open competition, which began the process of reforming the company. The Chairman of the Board since June 2015 is Prokhorenko Oleg. As part of the fight against
corruption
Corruption is a form of dishonesty or a criminal offense that is undertaken by a person or an organization that is entrusted in a position of authority to acquire illicit benefits or abuse power for one's gain. Corruption may involve activities ...
, UkrGasVydobuvannya is one of the leaders in the electronic public procurement system
ProZorro
Prozorro ( Ukrainian: Прозоро – transparent, clear) is a public electronic procurement system where state and municipal customers announce tenders to purchase goods, works and services, and business representatives compete for the opp ...
.
* 2016: production was stabilized and increased - +47 million m3 in 9 months; the process of modernization of its own fleet of drilling rigs has begun; the practice of outsourcing drilling services has been launched and the market for international companies was opened.
* 2017: the results of this year were achieved through the implementation of an unprecedented campaign to increase natural gas production.
* 2018: the results of the year were completed through the campaign to increase natural gas production at existing fields.
* 2019: the successful production program was launched.
* 2020: the company signed the Ukraine's first-ever product enhancement contract (PEC) facilitated by REDCLIFFE Partners law firm.
At the end of February 2019, UkrGasVydobuvannya entered into an agreement with DeGolyer and MacNaughton Corp. (
USA
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 states and a federal capital district, Washington, D.C. The 48 contiguous ...
) based on the results of the tender on the assessment of its hydrocarbon reserves, in particular, hydrocarbon reserves of 157 deposits and 49 promising areas with the distribution of priority for further development. The estimated cost is ₴20.25 million.
Company activities
The main areas of activity of the company: prospecting and exploration of oil and gas fields, oil and gas production, transportation of oil and gas, processing of
hydrocarbons
In organic chemistry, a hydrocarbon is an organic compound consisting entirely of hydrogen and carbon. Hydrocarbons are examples of group 14 hydrides. Hydrocarbons are generally colourless and hydrophobic; their odor is usually faint, and may b ...
, sale of oil and gas products.
In 2015, the company produced 14.5 bn m3 of gas in 2015, which accounts for 75% of total gas production in Ukraine. It increased natural gas production in 2017 by 4.8%, to 15.25 bcm. UGV also produced more than 20% of all oil and condensate in Ukraine.
In 2016, its subsidiary "Shebelinka Refinery" launched production of Euro 4 and higher standards gasoline (according to European emission standards classification) and Euro 5 Standard diesel fuel.
In April 2016, the company began producing
gasoline
Gasoline ( North American English) or petrol ( Commonwealth English) is a petrochemical product characterized as a transparent, yellowish, and flammable liquid normally used as a fuel for spark-ignited internal combustion engines. When for ...
that meets standards not lower than
Euro 4
The European emission standards are vehicle emission standards that regulate pollution from the use of new land surface vehicles sold in the European Union and European Economic Area member states and the United Kingdom, and ships in European ...
.
In 2019, the company's enterprises extracted 14.892 billion m3 of gas, which is 73% of total production in Ukraine, as well as extracted more than 22% of oil and condensate in Ukraine. The volume of operational and exploratory
drilling
Drilling is a cutting process where a drill bit is spun to cut a hole of circular cross section (geometry), cross-section in solid materials. The drill bit is usually a rotary Cutting tool (machining), cutting tool, often multi-point. The bit i ...
amounted to 211,6 thousand m.
On August 29, 2023, the company opened a new field with reserves that could reach approximately 1 billion cubic meters of gas. The depth of the field's well is nearly 4,000 meters.
Kharkiv
Kharkiv, also known as Kharkov, is the second-largest List of cities in Ukraine, city in Ukraine.
,
Poltava
Poltava (, ; , ) is a city located on the Vorskla, Vorskla River in Central Ukraine, Central Ukraine. It serves as the administrative center of Poltava Oblast as well as Poltava Raion within the oblast. It also hosts the administration of Po ...
,
Sumy
Sumy (, , ) is a city in northeastern Ukraine. It serves as the administrative center of Sumy Oblast. The city is situated on the banks of the Psel (river), Psel River and has a population of making it the 23rd-largest in the country.
The city ...
,
Donetsk
Donetsk ( , ; ; ), formerly known as Aleksandrovka, Yuzivka (or Hughesovka), Stalin, and Stalino, is an industrial city in eastern Ukraine located on the Kalmius River in Donetsk Oblast, which is currently occupied by Russia as the capita ...
,
Lugansk
Luhansk (, ; , ), also known as Lugansk (, ; , ), is a city in the Donbas in eastern Ukraine. As of 2022, the population was estimated to be making Luhansk the 12th-largest city in Ukraine.
Luhansk served as the administrative center of Luh ...
,
Dnipropetrovsk
Dnipro is Ukraine's fourth-largest city, with about one million inhabitants. It is located in the eastern part of Ukraine, southeast of the Ukrainian capital Kyiv on the Dnieper River, Dnipro River, from which it takes its name. Dnipro is t ...
,
Lviv
Lviv ( or ; ; ; see #Names and symbols, below for other names) is the largest city in western Ukraine, as well as the List of cities in Ukraine, fifth-largest city in Ukraine, with a population of It serves as the administrative centre of ...
,
Ivano-Frankivsk
Ivano-Frankivsk (, ), formerly Stanyslaviv, Stanislav and Stanisławów, is a city in western Ukraine. It serves as the administrative centre of Ivano-Frankivsk Oblast as well as Ivano-Frankivsk Raion within the oblast. Ivano-Frankivsk also host ...
,
Carpathian Ruthenia
Transcarpathia (, ) is a historical region on the border between Central and Eastern Europe, mostly located in western Ukraine's Zakarpattia Oblast.
From the Hungarian Hungarian conquest of the Carpathian Basin, conquest of the Carpathian Basin ...
and Volynska regions. Exploration activities are carried out in the Dniprovsko-Donetska cavity and the
Carpathian Mountains
The Carpathian Mountains or Carpathians () are a range of mountains forming an arc across Central Europe and Southeast Europe. Roughly long, it is the third-longest European mountain range after the Ural Mountains, Urals at and the Scandinav ...
.
According to DeGolyer estimates, as of January 1, 2019, the total reliable and probable gas reserves of JSC UkrGasVydobuvannya are 264.2 billion cubic meters. m, including reliable - 217.3 billion cubic meters and probable - 46.9 billion cubic meters.
In 2020, UkrGasVydobuvannya restored the Abaziv deposit in
Poltava region
Poltava Oblast (), also referred to as Poltavshchyna (), is an oblast (province) of central Ukraine. The administrative center of the oblast is the city of Poltava. Most of its territory was part of the southern regions of the Cossack Hetmanate. ...
. The flow rate of the well increased from almost zero to 98 thousand m3 per day.
Oleg Tolmachev
Oleg Tolmachev (; born January 27, 1975) is Acting Director General of UkrGasVydobuvannya JSC since January, 2023. He graduated from the University of Oklahoma in the United States with a major in Petroleum Engineering. After the graduation, he worked for more than 20 years at gas production companies in the United States (
BP America
BP p.l.c. (formerly The British Petroleum Company p.l.c. and BP Amoco p.l.c.; stylised in all lowercase) is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas " supermajors" and one of ...
,
Chesapeake Energy
Expand Energy Corporation, headquartered in Oklahoma City, is the largest independent natural gas producer in the U.S. based on net daily production. The company operates in the Appalachian Basin of the Marcellus Formation in Pennsylvania and ...
, EnCana Oil & Gas USA, Eclipse Resources, and Montage Resources), where he held positions of Production and Completion Engineer, Vice-President and Senior Vice-President, Executive Vice-President and Operational Director. In February 2021, Tolmachev was appointed Deputy Director of the Exploration and Production Division at Naftogaz of Ukraine NJSC. In May 2022, he was appointed to the position of director. He managed oil and gas projects in North America for over 20 years.
See also
*
Naftogaz
Naftogaz of Ukraine (, ''Naftogaz Ukrainy''; literally "Naphtha-Gas of Ukraine") is the largest national oil and gas company of Ukraine. It is a state-owned company
*
Natural gas in Ukraine
Ukraine extracts about 20 billion cubic meters of fossil gas each year, and since 2022 this has almost met demand. Ukraine has been estimated to possess natural gas reserves of over 670 billion cubic meters (in 2022), and gas is an important par ...
Friedrich Ebert Foundation
The Friedrich Ebert Foundation (''German: Friedrich-Ebert-Stiftung e.V.; Abbreviation: FES'') is a German political party foundation associated with, but independent from, the Social Democratic Party of Germany (SPD). Established in 1925 as t ...
Ukraine
Ukraine is a country in Eastern Europe. It is the List of European countries by area, second-largest country in Europe after Russia, which Russia–Ukraine border, borders it to the east and northeast. Ukraine also borders Belarus to the nor ...