PJSC Ukrnafta
3-5 Nestorivskyi prov.
Kyiv, 04053
Ukraine
Tel: 0 800 404 000
info@ukrnafta.com
Ukrnafta is headquartered in Kyiv, Ukraine’s capital. The company is 50%+1 share owned by Naftogaz of Ukraine, a fully state-owned holding company.
As of 01 January 2018, Ukrnafta had 82 permits for hydrocarbons extraction (commercial development of reserves).
Ukrnafta is listed on the Ukrainian Exchange (UX) in Kyiv. The company’s stock is included in the UX index, Ukraine’s most important equity benchmark.
History
Ukraine is one of the oldest oil-producing regions in Europe. Industrial recovery of oil in Prykarpattia (Western Ukraine) first began in 1771, when oil was found in a salt mine at Sloboda-Rungurska (currently in the Ivano-Frankivsk region). Drilling first began around the town of Boryslav (currently in the Lviv region) in 1886. In 1909, Boryslav area produced as much as 2 million tonnes of oil – 5% of global production at the time.
Ukrnafta was established in 1945 as the state-owned umbrella entity responsible for production of oil in Ukraine. The 1950s and 1960s saw rapid growth of oil and gas production in both Prykarpattia (Western Ukraine) and Dnieper-Donets (Eastern Ukraine) areas following the discovery of several large fields.
The most important fields that started to produce oil during this period include Dolynske (Ivano-Frankivsk region, 1959), Glynsko-Rozbyshivske (Poltava region, 1959), Hnidyntsivske (Chernihiv region, 1960), Kachanivske (Sumy region, 1961) and Leliakivske (Chernihiv region, 1963). Following the launch of new fields, gas processing plants came on line in Dolyna (1961), Hnidyntsi (1973) and Kachanivka (1975).
Following the collapse of the communist system and the launch of privatization in Ukraine, Ukrnafta was transformed into a joint stock company in 1994. In 1995-1997, the government of Ukraine sold off nearly a half of Ukrnafta’s equity to private owners. In 1998, the government transferred 50%+1 share in Ukrnafta to Naftogaz of Ukraine, a 100% state-owned company. In 1999, Ukrnafta launched a Level 1 ADR programme.
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