On 30 March 2018, the Supervisory Board of Ukrnafta met to consider a number of issues pertaining to the business of the company.
Following the discussion, the Supervisory Board decided to call the Annual General Meeting of shareholders of Ukrnafta on 14 June 2018. The Supervisory Board supported renaming of Dolyna Cementing Division into the ‘Ukrnafta Oilfield Services’ which will accumulate the assets and personnel of all cementing divisions, central workshops and well control brigades. Thus, all units providing oilfield services will be consolidated under the umbrella of ‘Ukrnafta Oilfield Services’ with a unified management structure.
Restructuring of the oilfield units is part of the transformation of Ukrnafta geared towards creating a modern organizational structure and efficient management processes inside the company. Ukrnafta plans to upgrade the asset base of the new service unit once the restructuring is complete.
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