Burisma Group supports Atlantic Council Conference in Kharkiv

The speakers pointed out that security, energy independence, investment and socio-economic development are matters urgent not only for Kharkiv but also for entire Ukraine.
23.04.2018

A conference on the U.S.-Ukraine partnership, energy independence and security, as well as prospects for the Ukrainian economy was held on April 17, 2018. It was hosted by a globally recognized non-governmental U.S. think tank Atlantic Council and Ukraine’s largest private gas producer Burisma Group with support from the Kharkiv Regional Administration.

The forum was attended by the Kharkiv Governor Yuliya Svitlychna, the former U.S. Ambassador to Ukraine Roman Popadiuk, former U.S. Deputy Assistant Secretary of Defense for Russia, Ukraine, and Eurasia Evelyn Farkas, President of U.S.-Ukraine Business Council (USUBC) Morgan Williams and Advisor to the Board of Directors at Burisma Group and Chairman of the Board at the Association of Ukrainian Gas Producers Vadym Pozharskyi.

The discussion was moderated by the director of the Atlantic Council’s Eurasia Center Amb. John Herbst.

The speakers pointed out that security, energy independence, investment and socio-economic development are matters urgent not only for Kharkiv but also for entire Ukraine.

According to the former U.S. Deputy Assistant Defense Minister on Russia, Ukraine and Eurasia Evelyn Farkas, for Ukraine to be an independent player on the international arena and to counter Russia’s political and economic threats, the country needs to continue its path of economic and security reforms. At the same time, the United States have been continuously supporting Ukraine and remain committed to assisting the country in terms of security.

The panelists pointed out that energy independence issues are crucial to strengthening the country’s overall security. In their view, private oil & gas producers could play a key role in this, as they introduce innovative technologies and are able to provide Ukraine with energy resources. 

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In order to show latest U.S. equipment at work Ukraine’s largest private gas producer Burisma Group invited the U.S. delegation to the Vodyanivske field in Kharkiv region, where the company has been developing the deepest wells in the country with wells with the newest rigs. Those include the SK3000, the most powerful rig in Ukraine and CIS, produced by Service King (USA) that can go up to 10 km deep.

In addition, the U.S. delegation had a rare chance to visit the renewed gas delivery station that can deliver over 1 million cubic meters of gas daily.

“Mining at a deep level requires extremely powerful equipment. And the fact that Burisma Group invested into best-in-class rigs deserves respect. I am impressed with the innovative equipment and highly technological processes here”, – says former U.S. Ambassador to Ukraine and Director of Atlantic Council’s Eurasia Center John Herbst.

In recent years, Burisma Group has invested more than $100 million in new machinery. The corporation intends to continue building up investments and remaining a pioneer or latest technology in the industry.

The U.S. delegation assured the attendees that they would continue to support the country in its endeavors and assist with attracting investments into Ukraine.