The Eastern European Subsurface Conference started today in Kyiv. The Director General of the Ukrainian Geological Survey, Roman Opimakh, took part in the opening ceremony of the international professional event.
During his speech, Mr. Opimakh presented possible ways to increase Ukraine’s domestic oil and gas production. He also informed the audience about the results, which were taken in this direction.
Ukrainian Geological Survey is doing significant work towards increasing domestic production. The UGS creates proposals, which are available to be put up for electronic auctions. The Survey also participates in the implementation of PSA agreements as a state-authorized body.
«2020 and 2021 have become significant in the oil and gas sector. Eleven hydrocarbon PSAs have been signed, with the investment commitments exceeding $ 440 million in exploration, covering the acreage of more than 9,000 sq. km. It also marked the beginning of the unlock of the Yuzivska PSA, which for a decade had been remaining a “dormant” license. The development of the Ukrainian Black Sea Shelf potential, covering an acreage of 30,000 sq. km, was also unlocked, – said Roman Opimakh, the Director General of UGS. «The implementation of these projects will boost creating new jobs, increase contributions to the budgets of all levels, and can also ensure the desired energy independence for our country.»
The technical oil and gas conference brought together 250 participants from Ukraine, Poland, Romania, Hungary, Bulgaria, Serbia, Belarus, and Turkey. Participants will present a vision for the development of the oil and gas industry in Eastern Europe and the Black Sea region. These are government organizations, top management of governmental agencies and companies, experts, service suppliers and consulting companies, educational institutions, and research centers, public organizations, professional societies.
Information:
The Society of Petroleum Engineers (SPE) is a not-for-profit professional association whose more than 140,600 members in 144 countries are engaged in oil and gas exploration and production. SPE is a key resource for technical knowledge providing opportunities to exchange information at in-person and online events and training courses, publications, and other resources.
In Ukraine, there are 5 SPE chapters in Poltava, Kharkiv, Ivano-Frankivks, and Kyiv.