In January-July 2020, JSC Ukrgasvydobuvannya, a member of Naftogaz Group, contributed 429.3 MUAH of rental payments to the local budgets where the company produces hydrocarbons.

As part of its membership in the UN Global Compact Network, JSC Ukrgasvydobuvannya is focused on achieving 3 goals of sustainable development as the highest priorities. These are ensuring sustainable development of cities and communities, quality education and sound health and well-being.

JSC Ukrgasvydobuvannya, a member of Naftogaz Group, completed the project “Charitable Assistance to Communities”, within the framework of which 227 communities in 11 regions received personal protective equipment, devices and disinfectants for healthcare workers and the public. The total amount of assistance to communities to reduce the spread of the coronavirus disease (COVID-19) exceeded 35.8 MUAH.

JSC Ukrgasvydobuvannya, a member of Naftogaz Group, cannot start drilling operations on 11 new wells due to the lack of official permits from the state, which are required to fulfill the company's production plans amid the coronavirus pandemic. For this reason, Ukrgasvydobuvannya's potential daily losses are about 1 mcm of gas, let alone lost profit, which is a source for paying taxes and dividends to the Ukrainian budget.

Naftogaz Group appointed Yuriy Kalmuk, who has over 17 years of experience in the oil and gas industry, as the Director of the Geophysics Department “Ukrgazpromgeofizyka”.

In January-June 2020, JSC Ukrgasvydobuvannya, a member of Naftogaz Group, contributed 327.5 MUAH of rental payments to the local budgets where the company produces hydrocarbons.

Despite unfavorable market conditions, the Upstream Division of Naftogaz continues to implement a stimulation program to maintain production at depleted fields.

The Upstream Division of Naftogaz continues to maintain hydrocarbon production performance even under limited financial resources due to falling gas prices and the coronavirus pandemic. In the first half of 2020, the company produced 6.76 bcm of natural gas which was supplied to the population and district heating providers.

Naftogaz Group has appointed Maksym Vityk, who has more than 20 years of experience in the world's largest oil and gas companies, as Director for Strategic Projects of the Upstream Division.

Michel Louboutin, co-founder and Chief Operating Officer of Expert Petroleum, while in Lviv, answered the questions of our correspondent about the implementation of the PES project in West Ukrainian fields.