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Ukraine set to boost E&P as existing fields decline

The depletion of some of Ukraine’s largest gas fields will prompt it to boost its E&P activities, with private domestic operators gaining prominence The depletion of some of Ukraine’s largest gas fields will prompt it to boost its E&P activities, with private domestic operators gaining prominence.
By Anna Gumbau 13 February 2020 Europe & Russia / Exploration & Production 0 35022
Ukrtransgaz gas facility of Ukrtransgaz, Ukraine. (Ukrtransgaz)

The key issue: Naftogaz has reported a moderate decline in Ukraine’s annual gas production despite the country’s intention to boost its upstream sector

Interfax analysis: Ukraine is becoming increasingly dependent on private E&P companies and foreign players to boost its domestic production, which fell in 2019 amid the depletion of many of its gas fields.

Ukraine produces around two-thirds of its gas consumption domestically. Domestic production amounted to 20.7 billion cubic metres in 2019, down by 300 million cubic metres from 2018. The...