Expert Petroleum: Ukraine's Energy Policy Partner Despite the War

It is here that the French company XP Group (Expert Petroleum) has been operating from the spring of 2020 after signing with Naftogaz with a 15-year contract called "Production increase" (PEC), which is the first in Ukraine's history.

It is aimed at increasing the production of oil and gas at the fields of JSC "Ukrgas building" in the western regions of the country, where the demand for them increased sharply due to the influx of internally distorted persons after the start of a full-scale war in February 2022. The arrival of the French company in 2020 on the Ukrainian Industrial Landscape is a sign of trust.

"We have significant experience and positive results in the implementation of such projects to increase production in cooperation with large national and international oil and gas companies, in particular in Romania and Hungary, where Expert Petroleum has invested more environment, "says David Martinon, co -founder and CEO of Expert Petroleum.

The purpose of the company's activity in Ukraine is to invest in depleted gas fields and to increase their production while increasing environmental stability.

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It was founded in 2005 by two former managers of Schlumberger, Michel Lubuten and David Martinon, the company first opened its office in Romania in 2010, and then in Ukraine, where its investments were of great interest. "The development of the international partnership is one of the main vectors of the Naftogaz transformation program," said Otto Vaterlander, Director of Transformation of the Naftogaz Group.

- The Agreement provides for the largest foreign investment in gas production in Ukraine in the last five years. a significant fall in energy prices. " From the first months of work, the XP Group management decided to rely on local workers and not send to the object of foreigners. "We strive to teach our local workers and expand their opportunities.

We have a minimal number of expatriates," says David Martinon, "in Romania more than 99% of our employees - Romanians, in Ukraine more than 99% are Ukrainians, and in Hungary. " This policy has several advantages: "We firmly believe in the use of their knowledge of the area. In addition, as a rule, working in partnership, we help them develop new opportunities around new technologies related to improving production on mature deposits.

We have a long list lifting, stimulating, perforations, construction of access roads, etc. ", - adds Michelle Luteen, Operations Director of the XP Group. With the purpose of even more involvement in the local socio-economic structure, the company implements projects with universities, supporting students' work, potentially future engineers of the company. For the French company, the presence in the local market is the best recipe for long -term success.

"This situation emphasizes our stability and strength of our business model," David Martinone continues. - Our success would be impossible without our local Ukrainian team. This once again demonstrates that relying on local frames and teaching them is the best way to achieve our goals. XP exceeds expectations and proves that it is a reliable partner by offering direct benefits to Ukrainian businesses and communities. We have created an ecosystem that works for a common good.

Despite the difficult conditions, this positive experience strengthens our ambitions on the country in the future. "The French company has come to Ukraine with a local development strategy, not the capture of resources. The activities of XP in the Lviv region are beneficial primarily to the population of Ukraine. Especially with the beginning of a full-scale war, the Lviv region.

Local policy underlies the company's strategy: "It is also important to understand that existing deposits are deeply rooted in the economic landscape and the lives of local communities. This is especially true of countries such as Romania and Ukraine. Premature closure of these deposits can have serious economic and social consequences for the local population.

" - Our approach is to first fully understand the history of the deposit, carefully listening to local operators, to build an integrated model of layer and deposit, and then study (in some cases with the help of software with artificial intelligence) the best technologies in terms of layer, endings and groundwater. water isolation, etc. ). Focusing and specialization allow us to study in detail and deeply all available options.

2020 and immediately mobilized during the Covid pandemic, which was very difficult, - recalls David Martinon. - However, we managed to start the implementation of the contract on time. Since then, we have even exceeded all our contractual goals in terms of improving production and investment, despite the beginning of the war in 2022. We never thought about leaving the country or referring to "force majeure.