Naftogaz Group produced in 2020 produced 13.45 bcm of commercial gas, 2% more than the production target and 1% less than in 2019. The company minimised the rate of production decline in the face of quarantine restrictions, a 30% reduction in the average annual gas price and a 50% reduction in investments. To increase production in the long term, Naftogaz started implementation of the Resource Base Development Strategy.

As part of digitalization, specialists with the Naftogaz Exploration and Production division launched geological and industrial data management software. The launch of this software marked the creation of the largest digital geological database in Ukraine.

The Development Energy Grant Competition aims to support social initiatives of communities. The competition will motivate communities to step up their efforts to find solutions to their problems. Fifty winners will receive up to UAH 100 thous. each for the implementation of their projects. The competition will be held throughout 2021.

Naftogaz Exploration and Production continues to apply new technologies to increase gas production at brown fields. The program allowed to increase daily production of gas by 30% and condensate by more than 40% from well No. 8 of the Valyukhivske field (Poltava region).

For January-December 2020, JSC Ukrgasvydobuvannya, a member of Naftogaz Group, contributed 809.8 MUAH of rental payments to the local budgets where the company produces hydrocarbons.

Naftogaz Group pilot launched the first tight gas field of basin-center type, Svyatogirsk. Today, the company began supplying natural gas produced in this area to the gas trunkline system.

Valentyn Loktyev, who has over 20 years of experience in hydrocarbon exploration and production in Ukraine and abroad, has been appointed Exploration Director of the Naftogaz Exploration and Production Division.

Naftogaz continues to actively develop new oil and gas sites authorized by the state in previous years. At one of them the company discovered a promising green field, Zhemchuzhne, in Poltava region.

As part of the strategy for the development of the resource base and the digitalization of production processes, Naftogaz Group has created the 3D Field Modeling & Visualization Center in Kharkiv. This is a unique center of competence for Ukraine's oil and gas industry in terms of the level of technical support, number of specialists and scope of work.

For January-November 2020, JSC Ukrgasvydobuvannya, a member of Naftogaz Group, contributed 712 MUAH of rental payments to the local budgets where the company produces hydrocarbons.