Nov. 20, 2024


Description

After a 21-year career in the U.S. oil field in a variety of engineering, management and executive roles, Oleg Tolmachev joined Naftogaz to head its production operations in Ukraine in January of 2021. Naftogaz is a holding company with its subsidiary companies focused on E&P activity onshore and offshore, gas storage, oil and transportation, gas trading, as well as renewables.

In January 2023, Oleg Tolmachev became CEO of UGV, which is an upstream natural gas focused E&P in the Naftogaz family. UGV is producing approximately 1.5 BCFED, which is about 70% of the gas in the country and is the 3rd largest Ukrainian tax payer. 

Despite the adversities of the full-scale invasion of Russia into Ukraine, Mr. Tolmachev led UGV to over 5% increase in production in 2023, breaking the trend of declining production since 2017. Besides the obvious challenges of the physical safety of employees as well as the company’s assets while operating on war time footing, inefficient organizational structure, lack of new technology, bureaucracy associated with state ownership, and corruption were all challenges that needed to be addressed in order to modernize the company and firmly set it on the production growth trend.


Featured Speakers

Speaker: Oleg Tolmachev,  President at Vidnova Energy Consultants
Speaker Oleg Tolmachev, President at Vidnova Energy Consultants

Oleg Tolmachev is an experienced Energy Executive based in Houston, Texas and is currently President of Vidnova Energy Consultants.  Vidnova offers management, technical and operational consulting services both domestically and internationally.  Prior to his return to the U.S., he held various leadership positions with Naftogaz of Ukraine, Ukraine's national oil …

Oleg Tolmachev is an experienced Energy Executive based in Houston, Texas and is currently President of Vidnova Energy Consultants.  Vidnova offers management, technical and operational consulting services both domestically and internationally.  Prior to his return to the U.S., he held various leadership positions with Naftogaz of Ukraine, Ukraine's national oil and gas company.  These positions included CEO of Ukrgasvydobuvannya (UGV), the largest natural gas production company in Central and Eastern Europe and Director of Exploration and Production. UGV consisted of 11 branches, including: 3 gas production departments, well drilling departments, gas and gas condensate processing departments, as well as UGV-Service.  These branches performed a full range of upstream gas well construction, midstream, and downstream activities.


Oleg previously served as Executive Vice President and Chief Operations Officer of Montage Resources, and Chief Operations Officer of Eclipse Resources.  Oleg has held Drilling and Completions lead roles for EnCana and Chesapeake Energy, and also was a Production Engineer for BP Amoco. Oleg holds a B.S in petroleum engineering from the University of Oklahoma with certificate in Applied Business Analytics from the Massachusetts Institute of Technology Sloan School of Management.

Full Description



Organizer

Darby Witt

Event Contact Email:  darbykwitt@gmail.com     Contact Phone:  (281) 961-1714  


Registration and payment must be completed in full to guarantee attendance.  An individual with an incomplete or unpaid registration will be considered as a walk-in attendee and only admitted as space permits. 


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Date and Time

Wed, Nov. 20, 2024

11:30 a.m. - 1 p.m.
(GMT-0500) America/Chicago

Pricing

  • Member
    $35.00
    (ends 11/19/2024)
  • Member Walk In
    $40.00
    (ends 11/20/2024)
  • Non-Member / Non-Member Walk In
    $45.00
    (ends 11/20/2024)
  • MiT/Student/Retired
    $25.00
    (ends 11/19/2024)
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Location

Core Laboratories Inc. Auditorium

6323 Windfern Road
Houston, TX 77040

 



Group(s): Westside