Ukrnafta Reveals Plans for the Largest Oil Field: What Are the Prospects for Ukraine.

Oil in Ukraine plays an important role as an economic resource and as an element of energy security. The attention of researchers and energy companies is now focused on the Hlynskо-Rozbyshchevskе field in the Poltava region, which is the largest in terms of black gold reserves in Ukraine.

The Hlynskо-Rozbyshchevskе field, located in the Poltava region, has explored oil reserves with condensate of about 107 million tons. It is part of the Eastern oil and gas-bearing region and is actively developed by Ukrnafta. The oil from this field is similar in quality to the Russian URALS grade, making it valuable for both the domestic market and for export.

History of Oil Extraction in Ukraine

Oil extraction in Ukraine has a long history dating back to the 13th century. Industrial oil extraction began in 1771, and today the Hlynskо-Rozbyshchevskе field has become a key asset for increasing production in wartime conditions.

Oil Reserves

The Hlynskо-Rozbyshchevskе field stands out among 216 known fields, most of which are small. Plans to drill two large wells with a production volume of over 100 tons per day each could enhance the significance of this field. The General Director of Ukrnafta emphasized the potential for oil extraction in Ukraine and the importance of this field for the industry’s development.

Prospects for Oil Extraction

Ukraine plans to increase oil extraction, especially using deep drilling methods. Despite challenges such as the depletion of easily accessible deposits and the need for equipment modernization, experts forecast a 20% increase in oil extraction in Ukraine by 2030.