Business news from Ukraine

Business news from Ukraine

“Ukrgasvydobuvannya” has commissioned well with flow rate of 274 thousand cubic meters per day

3 September , 2024  

JSC Ukrgasvydobuvannya (UGV) has launched a high-performance well in Poltava region with a daily production rate of 274 thousand cubic meters of gas.
According to the company’s website, the new well was drilled as an appraisal and production well using a hydrocarbon-based mud. Its peculiarity is that the planned bottom hole is located directly under a settlement.
“The idea of drilling this well belongs to Andriy Tiro from UkrNDIGas, he assessed the field’s production potential and found a remote site for its drilling. At the same time, the development team has prepared a detailed geological and technical feasibility study,” said Serhiy Lagno, UGV CEO, as quoted on the website.
He added that the well was drilled thanks to modern drilling equipment, advanced drilling technologies and the skill of Ukrburgaz drilling department (UGV division – IF-U) specialists, who completed a rather difficult task in 4 months: they drilled a well with a bottom hole reach of more than 1.3 thousand meters.
In turn, the specialists of the Ukrgazpromgeofizyka geophysical department (UGV branch – IF-U) performed complex logging operations and determined the depth of gas-bearing formations in the conditions of a large wellbore angle.
“The commissioning of the new well increased gas production per day at this field by 17%. This means that the field has prospects for further drilling, despite its depletion and age,” commented the head of UGV.
As the company recalled, Ukrgasvydobuvannya drilled 50 wells in 6 months of 2024, of which 41 were put into operation.
As reported, in 2023, Ukrgasvydobuvannya launched 86 new wells, 24 of which had an initial flow rate of more than 100 thousand cubic meters, and in January-May 2024, 36 new gas wells, 11 of which are highly productive.
In 2023, the company produced 13.224 bcm of commercial gas, which is 0.679 bcm more than in 2022.
“In January-June 2024, Ukrgasvydobuvannya increased natural gas production (commercial) by 8.8% compared to the same period in 2023 – up to 6.913 bcm.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.