UKRAINE

(in Former Soviet Union)

CAPITAL: KIEV

POPULATION: 47 mm

AREA (on): 603,700 km2

OIL PEAK: 1970

SUPPLY

Ukrainian oil production fell dramatically during the late 1970s and 1980s after the main producing areas in the Pripyat graben, Dnepr-Donetsk depression, and foothills of the Carpathians were exhausted.

Increased investment has stemmed decline for a period and offshore production in the Black Sea off Crimea will also slowly expand.

The same pattern is true for gas with increased investment creating higher onshore gas production levels but still less than the peak established prior to the break-up of the Soviet Union.

 

DEMAND

Ukrainian oil and gas demand fell very rapidly after the break-up of the Soviet Union and destruction of its heavy industries. Oil consumption is now likely to remain flat as the country faces problems with its economy and also converts to gas.

Gas consumption is expected to grow after pricing issues are resolved with Russia. Imports of gas from Russia and other countries of the FSU will likely need to increase after the steep decline which began in 2005 and continued into 2009.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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