FSU/ Eastern Europe: Ukraine
August 2000 Vol. 221 No. 8 International Outlook FSU/EASTERN EUROPE Interfax Petroleum Agency, Moscow Ukraine Oil and condensate output was 75,688 bpd,
FSU/EASTERN EUROPEInterfax Petroleum Agency, Moscow UkraineOil and condensate output was 75,688 bpd, down 2.6% from 1998. Gas production rose 1.2%, to 1.75 Bcfd. Drilling totaled 869,420 ft of development wells and about 370,730 ft for exploration. Production for 2000 is targeted at 67,720 bopd and 1.77 Bcfgd. State firm Ukrnafta produces 78% of crude and condensate, and 18.6% of gas. Ukraine produces from 177 gas and gas / condensate fields. Fields are 75% depleted in Kharkov, the leading gas region. The largest fields are Shebelinskoye (at depths of 9,843 to 13,123 ft), Krestischinskoye and Yulyevskoye.
The government has approved tax breaks for operators developing fields with special technologies. Such fields include Vladislavskoye, Tetyanivskoye (Crimea), Pasichnyanskoye and Dolinskoye (Ivano-Frankovsk). Ukrnafta and an Israeli joint venture, Carlton Trading-Ukraine, plan to spend $30 million, to use advanced technology to produce 33 million bbl of oil reserves at the Prilutsky tract in Chernigov. Canada’s Epic Energy plans to expand operations in the Crimea, primarily
on Kerch Peninsula. Epic is bidding on a tender for Fontana field, and is also ready to explore near Lake
Uzunlarskoye and at Moshkarevskoye field. Epic is a founder of the Crimea-Texas Nafta JV, which has developed
Aktashskoye oil field near Cape Kazantip.
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