13 Jul 2023 13:27

Ukrnafta appoints new upstream chief, head of Ukrnaftoburinnya

MOSCOW. July 13 (Interfax) - PJSC Ukrnafta has appointed Bogdan Kukura as the new head of its upstream and services division of instead of Oleg Malchik, Ukrainian media reported, citing the company's press service.

Malchik headed PJSC Ukrnaftoburinnya or UNB, in which the company manages a stake after receiving permission from the Antimonopoly Committee of Ukraine, or AMCU.

Kukura says on social media that he was chief production engineer at Regal Petroleum Company from September 2021 until recently, technical director at UNB from July 2019 to April 2021, chief engineer, head of the hydrocarbon production department of DTEK Oil and Gas Production from August 2014 to June 2019 and chief process engineer at Smart Energy in 2011-2014.

A government order dated May 23 consented to the proposed transfer to Ukrnafta of the management of stakes in UNB as well as LLC Sakhalinskoye, LLC Sirius-1 and LLC East Europe Petroleum. This followed the seizure of corporate rights in these companies and a court decision to transfer them to the National Agency for Recovery and Management of Assets, or AMRA. The AMCU on June 29 gave permission for the transfer stakes in the four companies to the management of Ukrnafta.

UNB is one of Ukraine's largest privately owned gas producers. It has been developing the Sakhalinskoye field since 2010. The Sakhalinskoye gas condensate field in the Krasnokutsky district of Kharkov region, discovered in 1981, is the largest in Ukraine, with reserves of 15 billion cubic meters. UNB's gross production was 725.4 million cubic meters of gas and 80,800 tonnes of oil and condensate in 2020, and 691.3 mcm and 76,600 tonnes in 2021.

The Sakhalinskoye field as a whole produced 844.3 mcm of gas and 86,000 tonnes of oil and condensate in 2020 and 789.5 mcm and 80,800 tonnes in 2021.

Ukrnafta had 89 fields with 23 million tonnes of proven reserves and 1,806 active oil wells and 152 gas wells as of the end of March 2023. The company operates 537 filling stations, of which 28 have been modernized; their sale this year are expected to reach 350,000 tonnes, or about 7% of the market. Wholesale and retail in petroleum products amounted to 1.665 million tonnes in 2022.

Ukrnafta plans to increase oil production 5.8% to 1.45 million tonnes and gas 0.3% to 1.04 billion cubic meters in 2023.