Dnieper River, Ukraine
Ukraine trumpets carbonates potential
State-owned oil firm heralds success in the Dnieper-Donetsk basin. But there could be even greater deeper potential for those with risk appetite and deep pockets
Ukrainian NOC Naftogaz has proven the Yablunivska carbonates hold gas after successfully drilling well 336, according to the firm’s COO, Otto Waterlander. Naftogaz will now test how much gas can be produced from its new type of reservoir, having approved investment in the Yablunivska 10 well for September. The new bore aims to test how gas-rich the geological formation is. Naftogaz plans to give a further update on the results in October, but it is already in bullish mood. Transformation of the structure of Naftogaz’ E&P division, improved processes and a better focus on geology, reservoir engineering and production technologies have strengthened the team, says Waterlander, with new expe
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
