PJSC Ukrnafta in 2023 successfully completed 4,635 purchases for mining, technological and other needs for UAH 6.24 billion, and also concluded foreign economic agreements with world leaders in the field of oil production.

"This, in fact, without exaggeration, is a breakthrough for the company. In 2023, Ukrnafta signed a memorandum with The American Petroleum Institute [API] and set a course for international standards of production and service and replacement of outdated Russian, Belarusian and Soviet equipment with the best modern technologies," the company said in a press release with reference to Ukrnafta CEO Serhiy Koretsky.

Currently, the company has a number of concluded contracts and framework agreements with world leaders in the field of oil production and oil services, in particular with the American Baker Hughes GmbH – for the purchase of 343 electric centrifugal pumps, and Weatherford Products GmbH – 478 sucker rod pumps.

Agreements were also signed with the Chinese Laizhou City Rising Star Artificial Lift Co. Ltd for the purchase of spare parts for electric center pumps that are already operating in wells, with the Chinese Changfeng Wire and Cable – for the purchase of an oil submersible cable and with the German Oil Dynamics GmbH – for the purchase of 200 electric center pumps, the first batch of which of 50 pieces has already been delivered to the warehouse in Dolyna.

"In addition, a framework agreement was signed with Weatherford Ukraine LLC for the performance of works and services and the supply of equipment for geological exploration, drilling, development, production, intensification of wells and fields," Ukrnafta said. As part of the cooperation under this agreement, services for geophysical surveys and casing running at one of the wells have already been provided, and the delivery of two dosing units for liquid chemicals is also expected.

In addition, a framework agreement was signed with the Saudi Alkhorayef Petroleum Company for the purchase of well equipment, within the framework of which the first order for the supply of 50 electric centrifugal pumps and related equipment in 2024 was agreed upon.

"Gradually, step by step, Ukrnafta will introduce modern technologies and finally move to the concept of a digital well and a digital field," the company said.