Business news from Ukraine

Business news from Ukraine

“Ukrgasvydobuvannya” increased gas production to 14 bcm in 2024

17 January , 2025  

In 2024, Ukrgasvydobuvannya JSC increased commercial gas production by 5.3% (by 0.7 bcm) compared to 2023 – up to 13.9 bcm, the press service of Naftogaz Group reports.

According to it, last year the company commissioned 83 new wells, of which 60 were production wells and 23 were exploration wells.

“UGV also increased the number of directional wells drilled from 51 to 60 over the year, which allows for gas production in hard-to-reach areas. In addition, the company drilled 370 thousand meters over the year, which is 14% more than in 2023.

“Naftogaz Group not only maintains stability, but also demonstrates an increase in gas production. Every day our people demonstrate the ability to adapt to current challenges and ensure development even in the most difficult conditions. I am grateful to my colleagues for their teamwork and sincere dedication to the profession,” said Roman Chumak, Acting Chairman of Naftogaz of Ukraine. Roman Chumak.

As reported, Ukrgasvydobuvannya produced 13.224 billion cubic meters of commercial gas in 2023, which is 0.679 billion cubic meters more than in 2022.

NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.

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