YUZIVSKA BLOCK
Naftogaz is the sole (100%) holder / beneficiary of Yuzivska PSA (valid until 2063).
Yuzivska is the largest onshore block in Ukraine (7 886 sq.km) and is located in well-known oil&gas region (DDB) with close proximity to largest producing gas fields in Eastern Europe.
Yuzivska has both conventional and unconventional (tight gas, Basin Central Gas) potential with lots of 2D and 3D data available for immediate E&A drilling.
According to PSA, Naftogaz has certain spend and work obligations over the next 5 years, which are anyways lower than its envisioned WP&B for this period.
Regions: Donetsk, Kharkiv
Depth: 2-6 km
Type of deposits: conventional and unconventional collectors EUR (P50)*: ~ 190 bcm
* EUR - estimated ultimate recovery assessed with probability 50% (P50)
| Parameter | Value |
|---|---|
| License duration | Until 2063 |
| Type of hydrocarbonates | Gas |
| Probability of success, % | 26% for conventional gas 40% for tight gas |
| Year of first production | 2023 |
| Peak annual production, bcm |
4.2 |
| Commitment CAPEX (PSA), $ mln |
355 |
| Committed № of wells | 15 |
| Committed 2D seismic, sq.km |
2 500 |
| Total CAPEX, $ mln | 11 320 |
| Total number of wells to be drilled |
745 |
KEY NEXT STEPS
- 1. Start re-entering existing (old) wells within the block – Q4 2021
- 2. Start drilling new E&A wells to test leads – Q2 2022
- 3. Start shooting new 2D / 3D seismic in Northern part – Q2 2022
FORECAST PRODUCTION AND INVESTMENT SCHEDULE