Naftogaz Group seeks permission from the Antimonopoly Committee of Ukraine to acquire equity rights to Nadra Yuzivska LLC, which enjoys the right to develop the Yuzivska hydrocarbons block in Donetsk and Kharkiv regions.

The jury of the competition “My Project for Community” announced the winner. Children competed for the best idea to improve the quality of life in their regions. The team “For the Future” representing Bazylivshchyna School (Poltava region) became the winner. The youngest competitors (8th form) propose to create a homeless animal center in the community.

JSC Ukrgasvydobuvannya is currently performing trial operation of a new software solution for collecting data from metering units for measuring the quantity and quality of natural gas. The introduction of the new metering system is the next step towards the integration of the gas market with the European Union. The new system is expected to be fully implemented by spring 2022.

Naftogaz Group (JSC Ukrgasvydobuvannya) has submitted the draft production sharing agreements (PSAs) for four oil and gas sites (Balakliyska, Ivanovska, Buzivska and Berestyanska) to a special Interdepartmental Commission for final approval. Amid the crisis the Company affirms its readiness to invest 3.6 billion UAH in the development of these sites during the first 5 years.

In Q3 2020, amid unfavorable market conditions, economic downturn and quarantine restrictions, JSC Ukrgasvydobuvannya's (Naftogaz Group) profit amounted to 1.47 billion UAH. Thus, the company improved its key performance indicators compared to Q2 2020. The funds received will be invested in building up the hydrocarbon resource base and stabilizing the natural gas production.

Our team has been reinforced by another world-class expert Agostino Maccagni аs the Chief Explorer.

For January-October 2020, JSC Ukrgasvydobuvannya, a member of Naftogaz Group, contributed 628.2 MUAH of rental payments to the local budgets where the company produces hydrocarbons.

Oleksandr Romanyuk, Director of the Naftogaz Exploration and Production Division, has been elected as the new Chairman of the Board of the Association of Gas Producers of Ukraine and will hold this position for a year. The decision was made at the meeting of the AGPU Board members.

Naftogaz Group announced the start of the competition among schoolchildren “My Project for Society”. Children will compete for the best idea to improve the quality of life in their regions.

The Naftogaz Exploration and Production Division continues to develop a strategy for increasing its resource base. Last week, the draft new strategy was brought up for discussion by the Expert Board.