Business news from Ukraine

Business news from Ukraine

“Ukrgasvydobuvannya” has launched 36 new wells since beginning of year

5 June , 2024  

In January-May 2024, Ukrgasvydobuvannya JSC launched 36 new gas wells, the press service of Naftogaz Group reports.

According to it, 11 of them are highly productive and produce more than 100 thousand cubic meters of gas per day.

“Our production in the first five months of 2024 increased by 10% compared to the same period last year. This is the result of the hard work of our specialists. At the beginning of the year, they showed better drilling results, and we have 11 high-yield wells. This is an important result, and we aim to maintain the pace and increase production by the end of the year,” said Alexey Chernyshev, Group CEO.

As reported, in 2022, UGV produced 12.5 bcm of natural gas (commercial), which is 3% less than in 2021. At the end of 2023, the company’s commercial gas production amounted to 13.224 billion cubic meters, which is 0.679 billion cubic meters more than in 2022.

In 2023, UGV launched 86 new wells, including 24 with an initial flow rate of more than 100 thousand cubic meters.

NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.