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Ukrnafta increased gas production by 6.5% in 2024

23 January 2025

The company's oil production increased by 0.6% last year

PJSC "Ukrnafta" is increasing hydrocarbon production for the second year in a row. Thus, in 2024, the company's gas production increased by 6.5% - 1.170 billion cubic meters (versus 1.097 billion cubic meters in 2023). Also, "Ukrnafta" produced 1.418 million tons of oil last year, which is 0.6% more compared to 2023 (1.410 million tons).

This was reported by the company's press service.

In oil equivalent, the growth in production reached 3%. In total, this is an additional 70.5 thousand tons of hydrocarbons - 2.42 million tons in 2024 compared to 2.35 million tons in 2023.

"Despite the long power outages that limited mechanized oil production, the enterprise managed not only to compensate for the natural decline, but also to ensure an increase in oil and gas volumes," said Serhiy Koretsky, Director of PJSC Ukrnafta.

In 2025, Ukrnafta will continue to drill new wells, update its equipment, replacing Soviet-made equipment with modern and technological equipment from world leaders, and intensify production, the company assures.

As reported by "Ukrainian Energy", on January 23, "Ukrnafta" announced a tender for the procurement of services for conducting field seismic surveys at the Verkhnyomaslovetske field and the South-Eastern part of the Novoskhidnytske field using 3D technology. The expected cost of the procurement is UAH 256 million.


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