Ukrnafta receives first 50 pumps from Germany's Oil Dynamics

MOSCOW. Feb 21 (Interfax) - Ukrnafta has received a first 50 pumps from Germany's Oil Dynamics GmbH, two of which are already operating at wells.

"Employees of the Dolinanaftogaz oil and gas production department, together with representatives of Oil Dynamics GmbH, have installed new units at two wells," Ukrainian media quoted the company as saying in a press release on Wednesday.

The 50 electric submersible pumps, which help to intensify production, will be allocated roughly evenly between the company's eastern and western divisions at 27 to 23.

"We're expecting the delivery of another 150 electric submersible pumps in lots of 50. The Oil Dynamics GmbH integrated solution includes electric pumping systems, control stations and software that increases the life cycle of equipment through continuous remote monitoring," said Ukrnafta chief Sergei Koretsky.

Ukrnafta has the strategic goal of doubling oil and natural gas production by 2027, to 3 million tonnes and 2 billion cubic meters, respectively.

It has a national network of 537 filling stations, of which 456 are operating.

The biggest shareholder is Naftogaz with 50% plus one share. The Headquarters of the Supreme Commander-in-Chief ruled on November 5, 2022 to expropriate Ukrnafta shares owned by private shareholders - that stake is now controlled by the Defense Ministry.