Asset Report
Naftogaz and UGV assets
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
State-owned Naftogaz is Ukraine's leading operator across the energy value chain. Its upstream production is primarily managed by its fully-owned Ukrgazvydobuvannya (UGV) subsidiary. UGV is the largest gas producer in Ukraine and operates an extensive onshore portfolio across the country. Although most of its gas fields are mature, production has remained stable for almost two decades. In 2025, UGV's net output was approximately 1200 mmcfd (12.4 bcm a year) - around 75% of Ukraine's total.
Table of contents
- Summary
- Key Issues
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Current exploration and appraisal (E&A) priorities
- Offshore Black Sea
- Onshore exploration
- Onshore appraisal
- Reported reserves
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Modelling
- Overview
- Modelling
- Upside
- Gas
- Capital costs
- Operating costs
- Cash flow
- Oil and condensate price
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
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Naftogaz and UGV assets mapParticipationHydrocarbon and reservoir quality
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Key discovery summaryRecent discovery summaryProduction (2017-2025)UGV assets production profileCapital Costs Pre-2018 to 2025 (US$ million)Operating Costs 2026 to 2034 (US$ million)Cash Flow (US$)PV Table (US$)Summary Table (US$)
- 6 more item(s)...
What's included
This report contains:
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