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.

The Naftogaz Exploration and Production Division continues to implement its production program aimed at building up the resource base and increasing production efficiency at depleted fields under adverse external factors.

For January-September 2020, JSC Ukrgasvydobuvannya, a member of Naftogaz Group, contributed 546 MUAH of rental payments to the local budgets where the company produces hydrocarbons.

Naftogaz Group continues to develop Ukrainian deep horizons. The company completed drilling operations at another superdeep well No. 58 at the Komyshnianske field in the Poltava region. A significant hydrocarbons inflow (170 TCM of gas per day) was marked at a depth of 6,040 meters.

In the face of a decline in gas prices, Ukrgasvydobuvannya maintains a profitable level. At the end of the 1st half of 2020, the company's net profit amounted to 301 million UAH, with the operating profit amounting to 1.7 billion UAH. During the same period, the company invested 6.9 billion UAH in the development of Ukrainian gas production, transferred 12.7 billion UAH in taxes to treasuries at all levels, as well as directed 576 million UAH to counter the coronavirus epidemic in Ukraine.

The first joint social project will be the arrangement of a gym in the Krasnolutsk school, located in the Gadyatsky district of the Poltava region. The school gym will receive all the necessary equipment, including balls, nets and other accessories for various sports.

In January-August 2020, JSC Ukrgasvydobuvannya, a member of Naftogaz Group, contributed 480 MUAH of rental payments to the local budgets where the company produces hydrocarbons.