DTEK Oil & Gas' losses from attacks on its production since war start reach EUR 40 mln – top manager

DTEK Oil & Gas business losses from Russian attacks on its production infrastructure since the beginning of the war amounted to EUR 40 million, this year the company will be short of approximately 100 million cubic meters of gas, said Dmytro Ponomarenko, Director of Hydrocarbon Exploration and Production at DTEK Oil & Gas.

During the Energy that Holds Ukraine forum from RBC-Ukraine, which is currently taking place in Kyiv, Ponomarenko said, "In 2025, we will be short of 100 million cubic meters of gas, and since the beginning of the full-scale invasion of the Russian Federation, the company's losses from attacks have amounted to EUR 40 million."

He stressed that the situation is critical overall due to the destruction of gas and oil production facilities.

"In Ukraine, we see that energy facilities are being attacked, so a sufficient number of air defense systems are needed for protection," noted the top manager of DTEK Oil & Gas.

In a commentary to Energy Reform on the sidelines of the forum, Ponomarenko emphasized the importance of developing our own production and stimulating its growth in such conditions.

"Unfortunately, we are aware that our oil and gas infrastructure is being destroyed, so it needs to be developed. Ukraine cannot rely solely on imports," he said.

As for DTEK Oil & Gas, Ponomarenko says that one option for finding new opportunities is developing partnerships.

"Today, we are expanding our partner network in Europe and the United States. Initially, this was not natural for us, but we later began to view it as an opportunity and developed our service business. This attracts new technologies and resources. This is going quite well for us. For example, the American company Turbo Drill partnered with us for vertical scout technology and the acquisition of new, modern 3D seismic equipment," Ponomarenko explained.

He also noted that DTEK Oil & Gas is ready to work within the framework of the US-Ukrainian Fund provided for by the minerals deal and is conducting relevant negotiations. However, he did not disclose any details at this time.