DTEK Oil&Gas to start oil production in next 1-2 years, to expand due to participation in auctions, acquisitions
DTEK Oil and Gas in the next couple of years will start producing not only natural gas, but also oil, Maksym Timchenko, the director general of the company, has said.
"We see that in the next year, maybe two, DTEK will start producing oil in Ukraine," he said during the presentation of the company's strategy until 2030.
According to him, DTEK is actively expanding its portfolio of licensed hydrocarbon areas both through participation in auctions and through the purchase of private companies that hold special permits for subsoil use.
As reported, DTEK Oil and Gas increased natural gas production in 2019 by 0.7% compared to 2018, to 1.66 billion cubic meters.
DTEK Oil and Gas is an operating company in charge of the oil and gas business within the structure of DTEK Group. It is the largest private gas production company in Ukraine.
Advertising
Advertising
MORE ABOUT
Enemy attacks four TPPs last night, equipment badly damaged, casualties reported – DTEK
11:25, 27.04.2024
PM: preferential price for gas extended until end of summer, for electricity until end of spring
17:17, 26.04.2024
DTEK machine builders complete delivery of 30 transport trolleys for Pavlohradvuhillia
20:24, 24.04.2024
Ukraine does not plan to put gas transmission capacity for auction after end of transit agreement with Russia
13:52, 23.04.2024
Ukrnafta increases reserves by 3 mln tonnes of oil, 600 mcm of gas
11:29, 23.04.2024
LATEST
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy
19:26, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program