“The industry needs no cubic meters of gas at whatever the cost. The industry needs much money to extract these cubic meters from the soil. It is a relevant issue both for the state companies and private business," Andrew Favorov, the Director for Integrated Gas Business, Naftogaz Ukraine, pointed out during panel discussion at the Kyiv International Economic Forum held on November 8, this year.

​The attraction of external investments and advanced technologies for field development will make it possible to add to the resource portfolio of Ukrgasvydobuvannya in the medium term.

​On October 31, JSC Ukrgasvydobuvannya put a new well into commercial service in the Krasnokutsk field, Kharkiv region. The daily yield made about 400 ths. cub.m of natural gas.

​For nine months period of 2019, JSC Ukrgasvydobuvannya has increased its net financial result by UAH 258 mln., as compared to the previous analogous period and has got UAH 21.412 mln of net profit.

​JSC Ukrgasvydobuvannya put five well into service in the fields of Kharkiv and Poltava regions after their capital repair, with a total yield of more than 700 ths. cub.m.

​As a result of the cassation complaint submitted by JSC Ukrgasvydobuvannya, the Supreme Court of Ukraine resolved to suspend the order of Pivnichnyi Commercial Court of Appeal concerning collection from the Company of more than UAH 215 mln., that the Company considered unlawful and appealed.

​From January to September 2019, JSC Ukrgasvydobuvannya has paid UAH 926.5 mln. of rent payments to local budgets in the territory of which the Company carries out hydrocarbon production.

​At Shebelynka GPP, the next upgrade stage at which a new diesel fuel hydrotreating reactor was put into service has been completed.

JSC Ukrgasvydobuvannya asks the Office of the President and the Cabinet of Ministers of Ukraine to inspect the actions of the employees of the Deposit Guarantee Fund of Individuals of Ukraine and take measures to prevent the unlawful collection from JSC Ukrgasvydobuvannya in favor of LLC FC Fingroup Factor of the amount exceeding UAH 215 mln due to probable illegal acts of the Fund.

In the frameworks of the Sixth International Scientific and Practical Conference “Resource Use in Ukraine. Prospects of Investments”, Miron Firman, the Director for Geology, JSC Ukrgasvydobuvannya, reported about the state and prospective of the Company resource development.