Business news from Ukraine

DTEK OIL & GAS EXTRACTS 1.6 BCN OF GAS IN 2018

15 January , 2019  

DTEK Oil & Gas extracted 1.649 billion cubic meters (bcm) of natural gas in 2018, which is almost the same as in 2017 (1.65 bcm), the company’s press service has reported.
The press service said that in general, the gas production target was met by 103%.
The company produced 51,500 tonnes of gas condensate, which is 4.6% less than in 2017 (54,000 tonnes).
At the end of the year, DTEK Oil & Gas drilled wells No. 25 and No. 61 at the Semyrenkivske field, finalized an investment project for the construction of a propane-refrigeration unit, which was launched at the Olefirivska gas pre-treatment unit in September 2018.
In addition, major overhauls were carried out to intensify production at the existing well stock, as well as a condensate stabilization gas utilization compressor at the Olefirivska gas pre-treatment unit and Semyrenkivske gas pre-treatment unit were equipped and launched, which make it possible to increase the environmental friendliness of the fossil fuel production process.
“In 2018, we confirmed our record high thanks to the increase in the efficiency of work with the existing fund and the introduction of modern technologies. We managed to produce an additional 100 million cubic meters of gas thanks to innovation,” DTEK Oil & Gas CEO Ihor Schurov said.

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