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. Oleksandr Romaniuk, the Prime Deputy CEO, spoke about it at the IV Kyiv Conference Newfolk OGCC.

“Our available resource portfolio is depleted, that is why we need new fields with new pressures," Oleksandr points out. "Also, we need to work with substantial extracted reserves, for example, tight collector gas, that we had not done before. We are working within the legislative restrictions and involve new partners who have won the award of production sharing agreements.

Therefore, according to Oleksandr Romaniuk, the partner company that awards a contract for further development of a range of empty West Ukrainian fields will have not only to maintain the current production but, using own investments, increase the volumes of the blue flame natural gas extracted from the deposits located there.

One more area of potential cooperation with investors is the unconventional gas fields. Here, we are also open and looking for partners who have relevant finances and experience. "We need to act so that the blue flame natural gas from such fields could be produced not in 50 but 5-10 years. Of course, we will invest our funds, but we want to mitigate the risks due to the involvement of external investors," Oleksandr Romaniuk emphasized.

The presentation by Oleksandr Romaniuk is available in the link.