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Ukrnafta on track to complete target oil and gas wells by end of 2023, says Director

Ukrainian energy company Ukrnafta is making progress with its key objectives: drilling wells and engaging international partners, the company’s Director Serhify Koretsky said on Tuesday (17 October).

“Already seven wells are being drilled or put into operation. Two more are in the preparation process. That is, as promised, nine new oil wells in 2023, and even more ambitious plans for 2024,” said Mr Koretsky.

In terms of attracting foreign investors, non-disclosure agreements have already been signed with Canadian and American companies interested in working in Ukrainian fields, the company said in a press release. “The USA and Canada are essentially the birthplace of oil extraction. We need international experience, and we are working to attract it,” said the Ukrnafta head.

Representatives of Ukrnafta have been attending international events related to the extraction industry. Mr Koretsky said that his company supports and will continue to support professional events. Additionally, Ukrnafta provides support to educational and scientific conferences in the industry.

“As there is a problem of a shortage of professional personnel, the largest extraction company must improve education, engage the youth, and help develop a professional environment,” said Mr Koretsky.

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