PJSC Ukrnafta has begun drilling a new exploration well in western Ukraine, the company’s director, Serhiy Koretsky, announced on Facebook on Friday.

“The design depth is 2,754 meters. It is planned that the new well will reveal productive layers of menilite deposits,” he wrote.

The company carries out the work with its own machine – using the forces of the structural unit Ukrnafta Drilling.

The forecast initial flow rate is expected to be 16 tonnes per day.

As the head of the company recalled, Ukrnafta is also preparing for the construction of two oil wells in the east of the country, which will collectively produce more than 100 tonnes of oil per day. Both have design depths of about 4.5 km.

Ukrnafta is the largest oil producing company in Ukraine and is the operator of the national network of gas stations. In March 2024, the company entered into management of Glusco’s assets and in total operates 545 filling stations – 460 of its own and 85 under management.

The company is implementing a comprehensive program for resuming operations and updating the format of gas stations in its network. Since February 2023, Ukrnafta has been issuing its own fuel coupons and NAFTA Cards, sold to legal entities and individuals through Ukrnafta-Postach LLC.

The largest shareholder of Ukrnafta is NJSC Naftogaz Ukrainy with a stake of 50% plus one share. In November 2022, the Headquarters of the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of the corporate rights of the company that belonged to private owners, which is now managed by the Ministry of Defense.