Ukrnafta is moving to a digital work format and launching a Virtual Data Room for investors.

Ukraine’s largest oil production company, Ukrnafta, is introducing the concept of a “digital well” and “digital field” at all its facilities. The new technology will allow remote control of equipment and online monitoring of its condition. Currently, only 346 of the company’s 2,000 wells are equipped with telemetry.

In addition, the company invites investors to cooperate in implementing prospecting and field development projects. The Ukrnafta team is already preparing draft agreements for potential investors to have all the necessary data, which will be provided through the Virtual Data Room.

Using this technology, every investment company in the exploration and development of Ukrnafta deposits can obtain comprehensive geological and industrial information about these deposits.