The state-owned public joint stock company UkrGasVydobuvannya ( uk, ПАТ "Укргазвидобування") 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 UNIAN or Ukrainian Independent Information Agency of News ( uk, Українське Незалежне Інформаційне Агентство Новин, УНІАН, translit=Ukrayins'ke Nezalezhne Informatsiyne Ahentstvo Novyn) is a ...
(08 June 2018)
History
UGV is a subsidiary of a state-owned National
Joint-stock company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates ...
"
Naftogaz
Naftogaz of Ukraine ( uk, НАК "Нафтогаз України", ''Naftogaz Ukrayiny''; literally "Petro-Gas of Ukraine") is the largest national oil and gas company of Ukraine. It is a state-owned company
of
Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...
".
UGV was founded in 1998 by a merger of gas extracting divisions of SC " UkrGasProm" and some other Ukrainian gas extracting companies.
The
National Anti-Corruption Bureau of Ukraine
National Anti-Corruption Bureau of Ukraine ( uk, Національне Антикорупційне Бюро України, ''НАБУ'') or NABU is a Ukrainian law enforcement anti-corruption agency which investigates corruption in Ukraine ...
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 of Ukraine ( uk, Верхо́вна Ра́да Украї́ни, translit=, Verkhovna Rada Ukrainy, translation=Supreme Council of Ukraine, Ukrainian abbreviation ''ВРУ''), often simply Verkhovna Rada or just Rada, is the ...
)
Oleksandr Onyshchenko
Oleksandr Romanovych Onyshchenko ( uk, Олександр Романович Онищенко, 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 ...
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'' ( uk, Українська правда, lit=Ukrainian Truth) is a Ukrainian online newspaper founded by Georgiy Gongadze on 16 April 2000 (the day of the Ukrainian constitutional referendum). Published mainly in Ukraini ...
(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 which is undertaken by a person or an organization which is entrusted in a position of authority, in order to acquire illicit benefits or abuse power for one's personal gain. Corruption m ...
, 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 oppo ...
.
* 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.
At the end of February 2019, UkrGasVydobuvannya entered into an agreement with DeGolyer and MacNaughton Corp. (
USA
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...
) 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 UAH 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, and their odors are usually weak or ex ...
, 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 (; ) or petrol (; ) (see ) is a transparent, petroleum-derived flammable liquid that is used primarily as a fuel in most spark-ignited internal combustion engines (also known as petrol engines). It consists mostly of organic co ...
that meets standards not lower than
Euro 4
The European emission standards are vehicle emission standards for pollution from the use of new land surface vehicles sold in the European Union and EEA member states and the UK, and ships in EU waters. The standards are defined in a ser ...
.
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 in solid materials. The drill bit is usually a rotary cutting tool, often multi-point. The bit is pressed against the work-piece and rotated at ra ...
Kharkiv
Kharkiv ( uk, wikt:Харків, Ха́рків, ), also known as Kharkov (russian: Харькoв, ), is the second-largest List of cities in Ukraine, city and List of hromadas of Ukraine, municipality in Ukraine.Poltava
Poltava (, ; uk, Полтава ) is a city located on the Vorskla River in central Ukraine. It is the capital city of the Poltava Oblast (province) and of the surrounding Poltava Raion (district) of the oblast. Poltava is administratively ...
,
Sumy
Sumy ( uk, Суми ) is a city of regional significance in Ukraine, and the capital of Sumy Oblast. The city is situated on the banks of the Psel River in northeastern Ukraine with a population of according to the 2021 census, making it the 2 ...
,
Donetsk
Donetsk ( , ; uk, Донецьк, translit=Donets'k ; russian: Донецк ), formerly known as Aleksandrovka, Yuzivka (or Hughesovka), Stalin and Stalino (see also: Names of European cities in different languages (C–D), cities' alternat ...
,
Lugansk
Luhansk (, ; uk, Луганськ, ), also known as Lugansk (, ; russian: Луганск, ), is a city in what is internationally recognised as Ukraine, although it is administered by Russia as capital of the Luhansk People's Republic (LPR). A ...
,
Dnipropetrovsk
Dnipro, previously called Dnipropetrovsk from 1926 until May 2016, 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 Rive ...
,
Lviv
Lviv ( uk, Львів) is the largest city in western Ukraine, and the seventh-largest in Ukraine, with a population of . It serves as the administrative centre of Lviv Oblast and Lviv Raion, and is one of the main cultural centres of Ukraine ...
,
Ivano-Frankivsk
Ivano-Frankivsk ( uk, Іва́но-Франкі́вськ, translit=Iváno-Frankívśk ), formerly Stanyslaviv ( pl, Stanisławów ; german: Stanislau), is a city located in Western Ukraine. It is the administrative centre of Ivano-Frankivsk O ...
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. Roughly long, it is the third-longest European mountain range after the Urals at and the Scandinavian Mountains at . The range stretches ...
.
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 ( uk, Полта́вська о́бласть, translit=Poltavska oblast; also referred to as Poltavshchyna – uk, Полта́вщина, literally 'Poltava Country') is an oblast (province) of central Ukraine. The administrative ...
. The flow rate of the well increased from almost zero to 98 thousand m3 per day.
UGV Transformation
The current chairman of the UGV Board Oleg Prokhorenko was appointed in June 2015 as a result of an open selection process initiated by the
Government of Ukraine
The Cabinet of Ministers of Ukraine ( uk, Кабінет Міністрів України, translit=Kabinet Ministriv Ukrainy; shortened to CabMin), commonly referred to as the Government of Ukraine ( uk, Уряд України, ''Uriad Ukrai ...
.
The current management team has adopted the 'Strategy 20/20' which envisages the increase of own natural gas production to 20 bn m3 in 2020. The strategy focuses on improving the economic efficiency of Company's assets, optimization of internal functions, fight against corruption and deregulation.
See also
*
Naftogaz
Naftogaz of Ukraine ( uk, НАК "Нафтогаз України", ''Naftogaz Ukrayiny''; literally "Petro-Gas of Ukraine") is the largest national oil and gas company of Ukraine. It is a state-owned company
*
Natural gas in Ukraine
Ukraine has been estimated to possess natural gas reserves of over 1 trillion cubic meters, and in 2018 was ranked 26th among countries with proved reserves of natural gas. Its total gas reserves have been estimated at 5.4 trillion cubic meters. ...
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 the ...
Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...