Ukrnafta plans to attract foreign partners to increase mineral extraction.

The state company wants to increase oil production to 1.45 million tons and gas production to 1.04 billion cubic meters this year. It is noted that the company can provide 80% of this increase from existing deposits, for which experts are preparing a procedure for attracting partners and are ranking all sites and wells according to their prospects.

Ukrnafta can extract some of the planned increase with its own resources, and there are opportunities to attract partners – professional specialists from Ukraine and other countries – to extract the remaining deposits.

The company will obtain another 20% of additional production by purchasing new licenses, developing experimental wells, determining potential reserves, and drilling new active wells in the future.

Currently, Ukrnafta has 3,700 oil and gas wells and 89 deposits throughout Ukraine.