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ACTIVITIES


License areas

Bilousivska-Chornukhy area

In 2011 Company obtained license for commercial development of Bilousivska-Chornukhy area for the period of 20 years and continuing activity. Currently exploitation fund consists of 4 wells on this area.

North-Yablunivska area

In 2013 Company drilled and completed well NY#203-A. Later this year it was connected to Yarivska Gas Plant and inhibitor pump station was constructed near the well. NY#203-A is developing V-22 horizon. In March,2015 construction of Metering station was completed and in April it was commissioned.

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Development and exploutation

Company conducted re-processing and re-interpretation of seismic and geophysical data during 2009-2012. According to results of seismic using 3D method were identified perspectives of drilling the well # 116-A Bilousivska. The well # 116-A Bilousivska OGCF was drilled in the period from August 2009 to May 2010 with target depth of 4428m TD and where was tested a number of productive formations from T-1 to B-20.

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Labor and environmental safety

Arab Energy Alliance UA cares about protection of life and health of its personnel and the environment.

The main objective of our company is to provide safe working conditions as required by Ukrainian laws on labor and occupational safety.

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Commercial activity

Sales

Arab Energy Alliance UA LLC sells all its production output, i.e., natural gas and gas condensate produced at the Bilousivsko-Chornukhinske and Northern Yablunivske licensed sites, only to Ukrainian consumers at internal auctions held by our company.

We always offer for sale

  • gas condensate
  • natural gas
  • equipment and rigging
  • materials and spare parts
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Finances

Income from main operations in 2013: UAH 66,341 thousand

Taxes paid in 2013: UAH 23,342 thousand

Income from main operations in Jan-May 2014: UAH 41,138 thousand

Taxes paid in Jan-May 2014: UAH 19,053.00 thousand

For a similar period:

Income from main operations in Jan-May 2013: UAH 24,531 thousand

Taxes paid in Jan-May 2013: UAH 9,436 thousand

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Corporate social responsibility

Arab Energy Alliance UA LLC continuously implements social projects at the national and local levels (in the Chornukhy and Lokhvytsia Regions where our licensed sites are located) in accordance with Ukrainian law, thus boosting our corporate social responsibility.

We work with Open Palms Charitable Foundation, helping them implement various programs.

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