As for the Ternopil region's oil and gas prospects, it is located in the middle area of the Volyn-Podilsk oil-and-gas-bearing region, which, in turn, constitutes the central element of the vast Baltic-Fore-Dobrudja oil-and-gas-bearing province, covering the entire western edge of the Eastern European platform with a system of pericratonic marginal platform deflections.
The section of the Dnieper pericratonic area which forms the basis of the Volyn-Podilsk oil-and-gas-bearing region within the Ternopil region begins with the Lower Vendian vulcanites / avg. 300m /, and sometimes with the sediments of the younger Mohyliv-Podilsky Series of the Upper Vendian / 50-200 m /. The latter is composed of sandstones, arlihites and, in the upper part, bituminous oil shales. This section is thickened by the fine-rhythmic sandy-clay stratum of the Kanyliv series / up to 150 m / of the Upper Vendian and terrigenous Cambrian deposits / 100-650 m /, which introduces the Paleozoic system. Moreover, the lower / Baltic / series is mostly clay / up to 130 m /, with only a 10-20 m pack of sandstones / Rivne series / at the base, and powerful packs of sandstones in the upper Berezhky, which are separated into / up to 5 / independent horizons by 30-50m clay-silt layers. During the Ordovician period, most of the Ternopil region represented a large paleoisland / Chortkiv paleoelevation /, so these deposits are present only in the northwest / up to 30 m / and in the far east / 2-5 m /. More commonly, Cambrian deposits in this area are overlain by quite large Silurian formations / 300-500 m /, composed mainly of clay limestones, marls and dolomites, and in the 25-30km-wide submeridional strip along the Strypa River, bioherm bodies with a thickness of 30-50 m, which, according to many scientists, had once formed barrier reefs, appear in its section on two levels. With its continuous sedimentation, the Silurian section is built up by powerful, mainly terrigenous Lower Devonian rocks with layers of limestone (from 0 m in the far east to 350 m near Ternopil, and up to 1270 m in the west of the region).
The north-western part of the Ternopil region is occupied by a younger tectonic formation, the Lviv Paleozoic trough / middle-upper Devonian-Carboniferous /, which is a superimposed structure on the Dniester pericratonic area and is represented within the region by its centroclinal closure. The Middle Devonian / 0-170m / is composed of dolomites, anhydrides, limestones, argillites and sandstones. The amount of carbonate components increases further upward, and dolomites and limestones dominate in the Upper Devonian stratum. The Paleozoic deposits of the Dniester pericratonic area and the Lviv Depression west of the Ternopil-Buchach line are covered by thin layers / up to 100 m / of the Cretaceous Mesozoic, which is represented by conglomerates, sandstones and inoceramus limestones of the Cenomanian and limestones with flint.
A long-term study of oil and gas potential of Volyn-Podillya showed that the main prospects in this regard are three lithological-stratigraphic complexes: the Cambrian terrigenous, Silurian carbonate / riphogenic limestones / and Middle Devonian, with its underlying Lower Devonian deposits - / covering with a thickness of up to 50m /. The Middle Devonian complex proved to be promisingly oil-and-gas-bearing only within the Volyn and Lviv regions, where two gas reservoirs have been discovered: Velyki Mosty / Lviv region / and Lokachi / Volyn region /.
The prospects of the Cambrian complex, which already cover the Ternopil region west of the meridian of the city of Ternopil, are broader in terms of area.
Biohermic Silurian / reef / formations are associated mainly with oil resources and are projected in the aforementioned strip along the Strypa River.
The number of seismic reconnaissance surveys has been carried out to date within the Ternopil region, 6 / Kremenets, Zolochiv, Khmeliv, Buchach - 1,2, Zavadiv / deep parametric wells and a number of structural exploration wells / Zavadivka, Buchach, Koropets-Pyshkivtsi, Pidhaitsi, Darakhiv, Konopkiv(ka) /, among which 14 wells revealed the Silurian and partly Cambrian complex.
In the cores of Pidhaitsi 1,2, Koropets-Pyshkivtsi 1-4, Buchach-1, the extension of the strip of Silurian rifogenic formations to the territory of Ternopil region has been proven.
In the course of testing wells in the Buchach area, gas manifestations from Cambrian and Silurian deposits took place.