UkrGasVydobuvannya

The state-owned public joint stock company UkrGasVydobuvannya () is the largest Ukrainian gas producer. It is a vertically integrated company with a complete production cycle: from exploration of gas and gas condensate reserves, field development, transportation, gas processing and condensate and oil refining to sales.
The company is Ukraine's largest natural gas producer, producing 70% in the country's production.
History.
UGV is a subsidiary of a state-owned National Joint-stock company "Naftogaz of Ukraine".
UGV was founded in 1998 by a merger of gas extracting divisions of SC "UkrGasProm" and some other Ukrainian gas extracting companies.
Reforms and development.
In 2015, a new management was appointed in an open competition, which began the process of reforming the Company. The Chairman of the Board since June 2015 is Prokhorenko Oleg. As part of the fight against corruption, UkrGasVydobuvannya is one of the leaders in the electronic public procurement system ProZorro.
At the end of February 2019, UkrGasVydobuvannya entered into an agreement with DeGolyer and MacNaughton Corp. (USA) based on the results of the tender on the assessment of its hydrocarbon reserves, in particular, hydrocarbon reserves of 157 deposits and 49 promising areas with the distribution of priority for further development. The estimated cost is UAH 20.25 million
Company activities.
The main areas of activity of the company: prospecting and exploration of oil and gas fields, oil and gas production, transportation of oil and gas, processing of hydrocarbons, sale of oil and gas products.
In 2015, the company produced 14.5 bn m3 of gas in 2015, which accounts for 75% of total gas production in Ukraine. It increased natural gas production in 2017 by 4.8%, to 15.25 bcm. UGV also produced more than 20% of all oil and condensate in Ukraine.
In 2016, its subsidiary "Shebelinka Refinery" launched production of Euro 4 and higher standards gasoline (according to European emission standards classification) and Euro 5 Standard diesel fuel.
In April 2016, the company began producing gasoline that meets standards not lower than Euro 4.
In 2019, the company's enterprises extracted 14.892 billion m3 of gas, which is 73% of total production in Ukraine, as well as extracted more than 22% of oil and condensate in Ukraine. The volume of operational and exploratory drilling amounted to 211,6 thousand m.
Company structure.
Areas of extraction include Kharkiv, Poltava, Sumy, Donetsk, Lugansk, Dnipropetrovsk, Lviv, Ivano-Frankivsk, Carpathian Ruthenia and Volynska regions. Exploration activities are carried out in the Dniprovsko-Donetska cavity and the Carpathian Mountains.
According to DeGolyer estimates, as of January 1, 2019, the total reliable and probable gas reserves of JSC UkrGasVydobuvannya are 264.2 billion cubic meters. m, including reliable - 217.3 billion cubic meters and probable - 46.9 billion cubic meters. 
In 2020, UkrGasVydobuvannya restored the Abaziv deposit in Poltava region. The flow rate of the well increased from almost zero to 98 thousand m3 per day.
UGV Transformation.
The current chairman of the UGV Board Oleg Prokhorenko was appointed in June 2015 as a result of an open selection process initiated by the Government of Ukraine.
The current management team has adopted the 'Strategy 20/20' which envisages the increase of own natural gas production to 20 bn m3 in 2020. The strategy focuses on improving the economic efficiency of Company's assets, optimization of internal functions, fight against corruption and deregulation.