UGV is changing the approach to hydrocarbon production to increase investment capital

Ukrgasvydobuvannya JSC is changing its approach to hydrocarbon production to increase investment capital. This was reported by the Finance Director of UGV Yevhen Palenka.

“Today, we take a closer look at the calculation of investment projects. First, these projects must be economically viable. Secondly, they must have a short payback period and, thirdly, there is an environmental component. Today, we pay a lot of attention to HSE (Health, safety and environment) issues”, said Yevhen Palenka, Director of Finance at Ukrgasvydobuvannya during a panel discussion “Obstacles for Ukraine's Gas Independence”.

Implementation of the projects that meet these criteria will allow the company accumulating funds to upgrade obsolete infrastructure, re-evaluate reserves and increase the efficiency of depleted fields.

16:16 / 27 November, 2019

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