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Operations

The fields we operate within Ukraine are capable of decades of future production and have high potential for growth – a strong foundation for success.

Ukraine

Enwell Energy currently operates four gas and condensate fields in the Dnipro-Donets basin in north-east Ukraine.

Location World MapHeadquarter offices
Ukraine Map
Production Mboepd
4.7
2021
3
2022
2.6
2023
Production Mix % 2019: NG / liquids
81/19
Cash generated from Operations $m
77.6
2021
47.5
2022
63
2023
Revenue $m
121.4
2021
133.4
2022
62.2
2023
Operating Cash Flow $m
69.4
2021
27
2022
60.5
2023
Oil & Gas Fields
4

Group Statistics - Ukraine Operations

Field

Field MEX-GOL & SV VAS SC Total
Region Poltava Kharkiv Poltava 2 regions
Licences 1. Mekhediviska-Golotvshinska
2. Svyrydivske
Vasyschevskoye Svystunivsko-Chervonolutskyi 4 licenses
Licence area 269 km² 33 km² 97 km² 399 km²
Stage Development,
Production
Development,
Production
Exploration,
Appraisal,
Development,
Production
Exploration,
Appraisal,
Development,
Production
Products Natural gas, condensate, LPG Natural gas,
condensate
Natural gas,
condensate
Natural gas, condensate, LPG
View table

Reserves 1

Imperial

Reserves

(acc. to independent assessment by D&M (¹) and adjusted for accumulated production, as at 1.01.2020)

MEX-GOL & SV VAS SC Total
1P (Proved), Mboe 25,560 1,577 27,136
  Sales gas, MMcf 112,100 7,525 119,625
  Condensate, Mbbl 3,947 183 4,130
  LPG, Mbbl 2,592 2,592
2P (+ Probable), Mboe 47,724 2,827 50,550
  Sales gas, MMcf 208,464 13,509 221,973
  Condensate, Mbbl 7,554 323 7,877
  LPG, Mbbl 4,787 4,787
3P (+ Possible), Mboe 56,372 3,572 59,943
  Sales gas, MMcf 246,655 17,227 263,882
  Condensate, Mbbl 8,849 378 9,227
  LPG, Mbbl 5,654 5,654

Metric

Reserves

(acc. to independent assessment by D&M (¹) and adjusted for accumulated production, as at 1.01.2020)

MEX-GOL & SV VAS SC Total
1P (Proved), Mboe 25,560 1,577 27,136
  Sales gas, mln m3 3,174 213 3,387
  Condensate, 000 t 470 22 492
  LPG, 000 t 218 218
2P (+ Probable), Mboe 47,724 2,827 50,550
  Sales gas, mln m3 5,903 382 6,285
  Condensate, 000 t 899 39 938
  LPG, 000 t 403 403
3P (+ Possible), Mboe 56,372 3,572 59,943
  Sales gas, mln m3 6,984 488 7,472
  Condensate, 000 t 1,054 45 1,099
  LPG, 000 t 476 476
View table

Resources

Imperial

Resources

(acc. to independent assessment by D&M (¹))

MEX-GOL & SV VAS SC Total
1C (Contingent), Mboe 3,760 3,760
  Sales gas, MMcf 14,691 14,691
  Condensate, Mbbl 1,165 1,165
2C, Mboe 9,572 9,572
  Sales gas, MMcf 38,281 38,281
  Condensate, Mbbl 2,810 2,810
3C, Mboe 25,335 618 25,953
  Sales gas, MMcf 105,873 2,912 108,785
  Condensate, Mbbl 6,633 74 6,707
Prospective – Mean, Mboe (²) 7,681 7,681
  Sales gas, MMcf 41,291 41,291

Metric

Resources

(acc. to independent assessment by D&M (¹))

MEX-GOL & SV VAS SC Total
1C (Contingent), Mboe 3,760 3,760
  Sales gas, mln m3 416 416
  Condensate, 000 t 144 144
2C, Mboe 9,572 9,572
  Sales gas, mln m3 1,084 1,084
  Condensate, 000 t 343 343
3C, Mboe 25,335 618 25,953
  Sales gas, mln m3 2,998 83 3,081
  Condensate, 000 t 812 9 821
Prospective – Mean, Mboe (²) 7,681 7,681
  Sales gas, mln m3 1,169 1,169
View table

Reserves 2

Imperial

Reserves

(acc. to Ukrainian State Balance of Natural Resources as at 1.01.2020, DKZ)

MEX-GOL & SV VAS SC Total
C1, Mboe 32,064 1,337 3,100 36,500
Sales gas, MMcf 106,050 5,933 13,172 125,155
  Condensate, Mbbl 13,331 233 773 14,337
C1+C2, Mboe 97,384 3,219 38,008 138,611
  Sales gas, MMcf 431,616 15,185 174,419 621,218
  Condensate, Mbbl 21,143 394 7,199 28,735
C1+C2+C3, Mboe 117,255 4,808 40,064 162,127
  Sales gas, MMcf 513,581 22,778 185,437 721,796
  Condensate, Mbbl 26,536 570 7,308 34,414

Metric

Reserves

(acc. to Ukrainian State Balance of Natural Resources as at 1.01.2020, DKZ)

MEX-GOL & SV VAS SC Total
C1, Mboe 32,064 1,337 3,100 36,500
Sales gas, mln m3 3,003 168 373 3,544
  Condensate, 000 t 1,587 29 92 1,708
C1+C2, Mboe 97,384 3,219 38,008 138,611
  Sales gas, mln m3 12,222 430 4,939 17,591
  Condensate, 000 t 2,517 49 857 3,423
C1+C2+C3, Mboe 117,255 4,808 40,064 162,127
  Sales gas, mln m3 14,543 645 5,251 18,439
  Condensate, 000 t 3,159 71 870 4,100
View table

Production

Imperial

Production 2019 MEX-GOL & SV VAS SC Total
Total hydrocarbons, Mboe (³) 1,280 319 Initial well planned in 2021 1,599
  Natural gas, MMcf 5,654 1,595 7,250
  Condensate, Mbbl 211 23 234
  LPG, Mbbl 100 0 100

Metric

Production 2019 MEX-GOL & SV VAS SC Total
Total hydrocarbons, Mboe (³) 1,280 319 Initial well planned in 2021 1,599
  Natural gas, mln m3 160 45 205
  Condensate, 000 t 25 3 28
  LPG, 000 t 8 0 8
View table

Notes
(1) Reserves according to assessments by DeGolyer & MacNaughton (D&M): MEX-GOL & SV - 2018, VAS – 2019
(2) Prospective resources of Vvedensky (VED) block in the VAS field
(3) Gross production - natural gas, condensate and LPG

The fields

MEX-GOL & SV Fields

Our licences for the MEX-GOL and SV fields cover an area of 269 km². The remaining 2P reserves are 47.7 MMboe, with 3C contingent resources of 25.3 MMboe.

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VAS Field

The VAS licence covers an area of 33.2 km² and has remaining 2P reserves of 2.8 MMboe and 3C contingent resources of 0.6 MMboe, while prospective resources in the VED block are estimated at 7.7 MMboe.

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SC Field

The SC licence covers an area of 97 km², and while 2P reserves are yet to be assessed, C1 and C2 reserves of 38 MMboe under Ukrainian classification (DKZ) are attributable to the licence.

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Our growth strategy

Our plans for increasing production are cautious, careful and measured. We use the highest quality geological models to maximise the chances of success, and during production we use state of the art and in some cases world-leading technologies.

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Environmental protection

Protecting the environment in the areas where we operate is a key priority. We continuously monitor soil quality, ecosystems and water to identify any negative impacts, and continue to modernise our equipment and infrastructure to increase efficiency and environmental performance.

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Why invest in us

In a challenging, shifting environment, only those paying attention will succeed. Disciplined performance, rigorous planning and a highly experienced team mean we’re able to operate to top quartile benchmarks in every aspect of our business. Our plan is to grow – steadily and strongly.

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