1.5 billion UAH (40.7 mln. euros, NBU exchange rate) of capital investments during the war
LLC "ALFA GAS" is a young but ambitious company, established on September 29, 2022, during the eighth month of Russia's full-scale invasion, under the state of martial law. The company aimed to attract and direct significant financial investments into Ukraine's economy, as well as strengthen its energy independence during this particularly important and difficult period for the country.
Financing in the Company's Economic Activities
Capital investments for the set goals amounted to over 1.5 billion UAH (40.7 mln euros, NBU exchange rate). The priority areas of financing in the company's economic activities included geological exploration, drilling new wells and restoring old ones, as well as the construction and implementation of advanced technologies. In a short period, LLC "ALFA GAS" not only resumed production in the subsurface areas but also introduced high production standards, enabling effective use of the resources. The company continues to pursue its strategic goals despite the challenges, demonstrating a high level of professionalism and responsibility towards partners, the state, and society.
Yes, by involving domestic contractors, suppliers, and manufacturers, the company achieved the following in a relatively short time for the industry:
1. Conducted 3D seismic surveys over an area of 332 km² to clarify the geological structure of the fields, with costs amounting to 272 million UAH (7.4 million EUR, NBU exchange rate).
2. Built three new complex wells:
— Well No. 7, depth of 5242 m, drilled in 2022, producing from the B-17 horizon; cost 250.7 million UAH (6.8 million EUR, NBU exchange rate).
— Well No. 8, depth of 5850 m, drilled in 2023, producing from the B-17 horizon; cost 456 million UAH (11.5 million EUR, NBU exchange rate).
— Well No. 14, depth of 5200 m, drilled in 2023, decommissioned for geological reasons; cost 323.5 million UAH (8.1 million EUR, NBU exchange rate)
A capital repair was carried out on an old well by drilling a lateral borehole, with a cost of 105.0 million UAH (2.6 million EUR, NBU exchange rate).
3. Infrastructure was built at the fields, including gas pipelines, manifolds, power lines, and roads;
4. Production capacities were modernized and reconstructed.
Significant investments in domestic industry and energy independence have not only improved extraction rates but also contributed over 200 million UAH (5.2 mln euros, NBU exchange rate) in value-added tax. Additionally, in 2023, TOV "ALFA GAS" paid taxes and fees totaling 121.5 million UAH (3.1 mln euros, NBU exchange rate) to the state and local budgets.
Although the extraction industry has become even riskier in the current conditions, the company has repeatedly demonstrated its reliability and faith in the country's future. Despite the challenges, the company continues to implement its strategic goals, showing a high level of professionalism and responsibility towards partners, the state, and society.
