Burisma Holdings

Burisma Holdings Limited was a holding company based in Kyiv, Ukraine for a group of energy exploration and production companies. It was registered in Limassol, Cyprus, until being dissolved in 2023. Burisma Holdings operated in the Ukrainian natural gas market since 2002. It was one of the largest private natural gas producers in Ukraine, circa 2019. It was owned by Ukrainian oligarch Mykola Zlochevsky through his company Brociti Investments Limited. Burisma's subsidiaries included Esko-Pivnich, Pari, Persha Ukrainska Naftogazova Kompaniya, Naftogaz Garant, KUB-Gas and Astroinvest-Ukraine. History Burisma was founded in 2002. Consolidation of the Burisma Group took place mainly in 2006 and 2007. It became a major shareholder of Sunrise Energy Resources, a Delaware Corporation, which in 2004 acquired Ukrainian companies Esko-Pivnich and Pari, which owned natural gas exploration licences. In 2009, shares in these companies were transferred to Millington Solutions Limited. However, shortly thereafter Millington ceased to exist, at which point Burisma claimed ownership of those two companies. In 2012, Persha Ukrainska Naftogazova Kompaniya (First Ukrainian Oil and Gas Company, ), Naftogaz Garant (Oil and Gas Guarantee, ), and KrymTopEnergoServis (CrimeaTopEnergoService, ) became a part of the Burisma Group. In 2014, Burisma signed a cooperation agreement with KazMunayGas, the national oil and gas company of Kazakhstan. In 2016, Burisma bought two hydraulic fracturing (fracking) fleets. In 2017, it bought a 3,000-horsepower Service King Manufacturing SK 3000 drilling rig for $40 million (USD); it was the most powerful drilling rig in Eastern Europe at the time.