Business news from Ukraine

Naftogaz Group increased gas production by 8% over six months

2 July , 2024  

In January-June 2024, Ukrgasvydobuvannya JSC and Ukrnafta PJSC produced 7.3 billion cubic meters of commercial gas, which is 8% more than in the same period last year, the press service of Naftogaz Group reports.
According to the press service, such production figures also exceed the group’s operational plan by almost 2%.
“We managed to achieve this result by launching 41 wells, which is one more than planned. Of these, 14 are high-rate wells producing more than 100 thousand cubic meters of gas per day. Our experts are also constantly analyzing old wells that can be brought back into operation using new technical solutions,” said Oleksiy Chernyshov, CEO of Naftogaz.
Naftogaz’s consolidated quarterly report says that the group’s forecasted commercial gas production for 2024 is expected to reach 14.6 billion cubic meters. In February, Chernyshov said that the group’s goal for this year was to get closer to 15 bcm of production.