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Ukraine onshore and offshore oil and gas potential – larger than we thought only some years ago

Ukraine Onshore and Offshore Oil and Gas Potential – Larger Than We Thought Only Some Years Ago. New Area of International Exploraiton?

There are three Petroliferous provinces in Ukraine. In the west, there is the Carpathian hydrocarbon region, in the east we have the Dnipro-Donetsk region, or Donbas hydrocarbon province, and in the south there is the Black Sea and the Crimea hydrocarbon province.

Ukraine’s hydrocarbon resources are estimated at 7-8 billion tons of fuel equivalent.

Average annual oil and gas production amounts to 18 billion cubic meters of natural gas and 4 million tons of crude oil, and covers 25 % of the demand for natural gas and 13 % of the demand for crude oil in Ukraine.

Crude oil and natural gas are imported primarily from Russia, or through Russia from Turkmenistan (natural gas) and Kazakhstan (crude oil.)

Oil and gas make up 59 % of the primary fuel consumption in Ukraine, including 41 % natural gas and 18 % petroleum.

In a report compiled by myself there is provided a brief overview of Ukraine’s oil & gas resources and production; oil & gas storage and transportation system; oil refining and gas processing system; oil & gas field machinery market; and major projects in the oil & gas sector.

Several scientific studies have been done in Ukraine, and a large amount of interest from international companies such as Shell, ExxonMobil and Marathon f.inst has developed into joint ventures in the country both in the upstream as well as the downstream segment of the oil and gas industry.

A report published in 2007 by myself (www.lulu.com/stig) will give you an overview of scientific work performed in Ukraine hydrocarbon provinces. Work has been performed by local scientists but also from a variety of scientists around the world. Ukraine has been had interest from lots of scientists for many years, but only the latter years has attracted the attention of international industry. The last few years even the larger multinational oil and gas companies have been bidding for acreage both onshore and offshore Ukraine.

The report is organized into geological regions, however some articles span over several regions, and will therefore be found in several places in the report or only in one of these.

Recent 2D seismic shot in the Black sea, reveals several potential larger structures ranging from the simple structural to more complex stratigraphic traps that have a large potential for hydrocarbons. Some of the traps also have potential hydrocarbon indicators associated with them, and therefore constitute high potential structures. Some of the structures could be in the billion barrel oil field size.

If you find this article of interest we encourage you to either go to www.lulu.com/stig and download articles about Ukrain oil and gas potential or to take contact with the author directly on email sak@ec-ba.com

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