Business news from Ukraine

BURISMA PUTS INTO OPERATION THREE NEW WELLS IN UKRAINE

Burisma Group has commissioned well No. 38 on Karaikozivske deposit and wells Nos. 5 and 7 on Vodianivske field, the press service of the company has reported.
“The depth of two of the three wells exceeds 6,000 meters, providing them with the status of one of the deepest not only in Burisma Group’s portfolio, but also among all the gas producing companies of Ukraine,” the report says.
For example, the depth of well No. 5 on Vodianivske field is 6,210 meters, well No. 7 is 6,520 meters, and wells on Karaikozivske deposit 5,250 meters. The daily production rate of the latter is 200,000 cubic meters of gas and 100,000 cubic meters of condensate.
“We expect even better results for each of the wells of Vodianivske field,” the press service said citing CEO of Burisma Group Taras Burdeiny.

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BURISMA TO INVEST UAH 60 MLN IN CONSTRUCTION OF NEW GAS PIPELINE IN KHARKIV REGION

Burisma Group, a gas producer, in January 2019 started building a gas pipeline that would connect Vodianivske and Karaikozivske fields in Kharkiv region and plans to invest UAH 60 million in the project, the company’s press service has reported.
The company expects that the new gas pipeline will allow boosting efficiency of operation and management of flows between the two fields. The length of the new gas pipeline will be 16.6 km.
Burisma Holdings controls Energy & Service Company Esko-Pivnich, LLC KUB-Gas, LLC Pari, the First Ukrainian Gas and Oil Company, SystemOilEngineering, Nadragas, Aldea-Ukraine, Burisma Service, Tehnokomservis, NadraGazVydobuvannia, GasOilInvest, and NGPGeo (Oil and Gas Industrial Geologia).
Mykola Zlochevsky is Burisma’s beneficiary.

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