16

16 licence areas in exploration,
development and production

20mln. UAH

Was spent on social projects
during the last 5 years

261

Employees across two offices
(Kiev and Poltava) and various
operational sites

750m3/day

Average daily
gas flow rate
in 2015

№3

The third biggest
independent gas
producer in 2015

28%

The biggest private
condensate producer
with a market share
of 28% in 2015

19

700km2

Of 3D seismic were acquired
and processed over the last three
years using the leading
technology and experts
in the industry

The Geo Alliance group is one of the largest independent producers of gas and gas condensate in Ukraine. It consists of 19 legal entities, of which the biggest ones are PJSC "Natural Resources" and LLC "East Geological Union".

Strategy

Production growth

One of the main directions of Geo Alliance’s development is to increase the volume of hydrocarbon production. The average annual gas production growth over the last six years was 10%. Under favorable conditions, our plan would be to continue and accelerate our pace of growth through investment and the application of new technologies.

Development of the resource base

Geo Alliance has a diversified portfolio of licence areas and is currently engaged in the development of 3D geological models for all of its assets.

Focus on profitability

Geo Alliance maintains high level of operational efficiency through a ‘fit-for purpose’ procurement and contracting strategy combining  the provision of services from local contractors and where needed modern high-tech equipment and services from industry leading international suppliers.

values

Ecology and environmental management

Reducing the impact
of drilling sites
and industrial infrastructure
on the environment

Resource saving
and elimination
of wastage

Minimisation of harmful
emissions

Implementation
of environmental management
system ISO-14001

Social and public programs

Cooperation with
local communities

Health and education
projects

Participation in the
construction of public
institutions

Participation in the
construction and renovation
of public roads

History

2004

The Group begins geological exploration on the Vysochanske, South-Orilske, Kosachivske, West-Efremovske, Taranushinske and Mirolyubivske fields and the commercial production of gas and gas condensate on the Zaitsivske field.

2005

The Group start exploration, including pilot-commercial development on the Lutsenkivske, Yasenivske, Lvivske fields. Completed drilling of well #9 on the Lutsenkivske field (the first well drilled by the Group).

2006

In March 2006, CJSC “Natural Resources” starts gas production on the Lutsenkivske field.

2007

Geo Alliance begins exploration, including pilot-commercial development on the Berestivske, South-Berestivske, Riznikivske, Koshevoyske, Bokhanovske and Makartsevske fields.

2008 – 2009

Restructuring of the Group is completed. Geological data collected from 16 licensed fields and the first six detailed geological models were developed.

2009 – 2011

Focus on the development of high-priority fields using leading seismic and drilling technologies.

2012 – 2013

An intensive 3D seismic acquisition program. Conversion of special permits into production licences. Design and implementation of field development plans.

2014

Based on seismic data, the Group continues to explore and develop its assets.

2015

Geo Alliance Group conducted the formation stimulation procedure at the depth of 5000 m, which is unique for Ukraine. The Group kept leading position in the condensate production among independent companies with a market share of 28%, and it is one of the leading private companies on natural gas production in Ukraine.

Management

img-1

Lyudmyla Kuchmenko

Chief Executive Officer

Lyudmyla Kuchmenko

Chief Executive Officer

More than ten years of experience in the oil & gas sector in a variety of roles. Joined the company from its inception in 2004.  Prior to being appointed Chief Executive Officer in 2013, was in charge of Finance Department.

img-2v4

Tengiz Mustafaev

Commercial Director

Tengiz Mustafaev

Commercial Director

More than 20 years of international E&P experience in the FSU, Middle East and Africa from a variety of platforms: super-major (BP), service company (Western Atlas), independents (Monument, Arawak Energy). Mr Mustafaev was appointed Commercial Director in 2013.

img-3v2

Maksim Kvasolya

Chief Financial Officer

Maksim Kvasolya

Chief Financial Officer

Has 15 years of experience in finance and economics, including different positions at Interpipe and EastOne Group. Mr Kvasolya was appointed Chief Financial Officer of the Group in 2014

img-4

Igor Kinakh

Technical Director

Igor Kinakh

Technical Director

Has more than 40 years’ experience in the oil and gas sector. Joined the company in 2009.

img-5

Illia Zamakh

Head of the Legal Department

Illia Zamakh

Head of the Legal Department

Has more than 17 years’ experience in the legal sphere, including 10 years in executive positions. Appointed Head of the Legal Department in 2011.

Activities

Geo Alliance is involved in the geological exploration development, and production of natural gas, gas condensate and oil in Ukraine. Our clear trend has been the continuous growth of production as we progress the development of our gas, condensate and oil assets. See the chart below.

Production
in 2015

271 000 000 m3

natural gas

51 000 T

oil and condensate

oil and gas assets

Geo Alliance has a substantial portfolio of oil and gas assets, mainly located in the Dnieper-Donets Region

Berestivske

Validity: 15-01-2034, square 108 km2, gas/condensate/oil

Riznikivske

Validity: 15-01-2034, square 7 km2, gas/oil

South-Berestivske

Validity: 17-02-2032, square 37 km2, gas/oil

Bokhanivske

Validity: 20-11-2033, square 57 km2, gas/condensate

Lutsenkivske

Validity: 26-03-2033, square 85 km2, gas/condensate

Koshevoiske

Validity: 15-08-2034, square 39 km2, gas/condensate

Yasenivske

Validity: 15-08-2034, square 12 km2, gas/oil

Makartsivske

Validity: 14-05-2030, square 72 km2, gas/condensate

West-Efremivske

Validity: 18-11-2024, square 26 km2, gas/condensate

South-Orilske

Validity: 01-11-2024, square 156 km2, gas/condensate/oil

Myrolubivske

Validity: 29-09-2019, square 5 km2, gas/condensate/oil

Taranushinske

Validity: 18-11-2024, square 97 km2, gas/oil

Zaitsivske

Validity: 14-05-2034, square 22 km2, gas/condensate

Vysochanske

Validity: 18-11-2024, square 77 km2, gas/condensate/oil

Lvivske

Validity: 09-09-2019, square 30 km2, gas/condensate

Kosachivske

Validity: 06-12-2024, square 314 km2, gas/condensate

PRODUCTION

natural
gas
mln. m3

oil,
condensate
ths. t

2010
18
171
2011
24
252
2012
18
212
2013
52
302
2014
59
256
2015
51
271

Membership in associations

Geo Alliance actively participates in the life of business community and is a member of the following organizations:

The American Chamber of Commerce in Ukraine

European Business Association

Association of gas producers of Ukraine

British-Ukrainian Chamber of Commerce

Pressroom

Company news

Back to news