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Ukraine’s state gas and oil company Naftohaz has reported discovering a sizeable oil field on the country’s territory.

Nafothaz said late July 11 that the discovery was one of the largest oil fields found in Ukraine in some 15 years.

Naftohaz believes the Budishchansko-Chutovskoyefield in eastern Ukraine’s Poltava region, contains some 12.8 million tons of oil.

Naftohaz has been working the site since 2011 and the company's public relations department said it was the first oil field owned solely by the Ukrainian company.

Ukraine’s government is attempting to wean the country off its dependence on Russian energy supplies. Kyiv has placed a priority on developing the country's own energy resources and diversifying sources for importing energy supplies.

With reporting by ITAR-TASS