PJSC UkrGasVydobuvannya declares that it conducts activities using all the licenses granted to the company

Feb 28, 2018 | Category: Official
PJSC UkrGasVydobuvannya declares that it conducts activities using all the licenses granted to the company

We are pleased to announce that as of 28 February 2018 PJSC UkrGasVydobuvannya has 185 special permits for use of subsoil. At the same time, according to the official website of SRDE ‘GeoInform of Ukraine’, over 475 special permits for oil and gas have been granted within the country, that is, PJSC UkrGasVydobuvannya owns only 39% of special permits, providing for 75% of gas production in Ukraine.

PJSC UkrGasVydobuvannya has 185 special permits: 135 special permits for extraction of hydrocarbons – 129 permits are used for extraction; 5 permits are in the ATO zone and the activities are not conducted according to them due to lack of access to the facilities; and for 1 permit, in view of depreciation of the main deposits, further exploration is carried out.

Also, the company has 50 (i.e., in total, 25% of all the permits granted in Ukraine) special permits for geological exploration, including field experimental program development and geological exploration, including field experimental program development with further extraction of oil and gas. The abovementioned permits are granted for the following activities: the deposits have been discovered and hydrocarbons are extracted using 9 special permits; the deposits have been discovered and the activities on their accelerated introduction into the field experimental program development are in progress using 9 special permits; 1 special permit is in the ATO zone, no activities conducted; 31 special permits are used for exploration (seismic survey, prospecting and exploration, etc.), of which 10-15 special permits will be used for discovery of new deposits in 2018-2019.

Thus, PJSC UkrGasVydobuvannya does not have so-called ‘non-used’ special permits for use of subsoil, except those located in the ATO zone.

Taking into account that the average depreciation of PJSC UkrGasVydobuvannya deposits is more than 70%, by 2020 the company will complete the exploration on these sites, and the company will not have perspective areas for conducting exploration and discovering new deposits. Receiving special permits for new perspective subsoil areas is an essential prerequisite for increasing the production of hydrocarbons to ensure the implementation of the ‘20/20’ Program and the energy independence of Ukraine.