News

Ukrnaftoburinnya announced its financial results for the year ended 31 December 2017

14.05.2018

Ukrnaftoburinnya paid 16.6 million UAH in rent to local budgets in the first quarter of 2018

07.05.2018

Operating results of PrJSC MC Ukrnaftoburinnya for the QI of 2018

16.04.2018

Ukrnaftoburinnya drilled a new well in record-breaking time

26.03.2018

Ukrnaftoburinnya commissioned its own pipeline

21.03.2018

Ukrnaftoburinnya paid UAH 1,667 million of taxes to the State

14.02.2018

Results of Ukrnaftoburinnya for the year ended 31 December 2017

31.01.2018

Ukrnaftoburinnya increased gas sales by 83%

02.11.2017

Performance results of Ukrnaftoburinnya over 9 months of 2017

26.10.2017

Ukrnaftoburinnya will supply gas for heating Ukrposhta

12.10.2017

Ukrnaftoburinnya announces the start of production and sales of gas condensate of light hydrocarbons

25.09.2017

Ukrnaftoburinnya set records on daily flowrate and period of reaching to the target depth

18.09.2017

Ukrnaftoburinnya announced its financial results for the year ended 31 December 2017

News / 14.05.2018

Ukrnaftoburinnya company has announced its financial results for the year ended 31 December 2017. The company's revenue in 2017 increased to UAH 6.7 bln compared to UAH 3.2 bln for the same period in 2016. This is reported in the official financial statements posted on the company's website.

According to the financial statements, EBITDA indicator increased to UAH 2.4 bln, while a year ago it was UAH 1.1 bln. Net profit of the company increased to UAH 1.95 bln compared to UAH 960 mln in 2016. Financing of capital investments grew from UAH 389 mln in 2016 to UAH 806 mln in 2017.

 "According to the results of 2017, all financial indicators showed an increase of more than 100%. In 2017, the effect of investments made in 2016 and in the first half of 2017 fully crystallized. This year we plan to increase the amount of investments by 40-50% compared to the previous year – up to UAH 1.4 bln. This amount includes funds for drilling of the new wells, repair works at the existing wells, as well as development of the field infrastructure", said Michael Bakunenko, the Chairman of the Executive Board of PrJSC MC Ukrnaftoburinnya.

According to previous announcements, in 2018, Ukrnaftoburinnya increased daily gas production in the Sakhalin field to 1 850 thousand m3.

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