JKX Oil & Gas with assets in Ukraine and Russia in the first quarter of 2020 increased its average daily hydrocarbon production by 11% compared to the same period last year, to 10,996 barrels of oil equivalent per day (boepd), the company said on the London Stock Exchange’s website.
Thus, the average daily production in Ukraine increased by 7%, to 5,361 boepd, including gas production increased by 1%, to 715,000 cubic meters per day (Mcmd), oil and condensate by 38%, to 1,155 boepd. The average daily hydrocarbon production in the Russian Federation increased by 16% and amounted to 5,635 boepd. In particular, the average daily gas production for the reporting period is 946,000 cubic meters per day (16% more), condensate some 65 boepd (15% more).
The report says that well No. 143 was commissioned in the Ihnativske field in Ukraine in the first half of March. Its production rate is currently 157 barrels of oil per day (bopd) and 65,000 cubic meters of gas per day.
The average selling price of gas in Ukraine in January-March was $150 per 1,000 cubic meters, which is 44% less than a year earlier ($269), oil some $49 per barrel (17% less).
The company’s cash and cash equivalents as of March 31, 2020 were equal to $14.2 million (as of December 31 some $20.6 million). In addition, JKX had $2.4 million worth of oil and gas reserves ($4.1 million as of December 31).
Dubai-based flydubai on September 6 announced that it would move its existing operations from Kyiv Sikorsky International Airport to Boryspil International Airport with effect from October 28, 2018. “Ukraine remains an important market for the airline. From October 2, double daily flights will be available between Kyiv and Dubai,” the company said in a statement on its website.
flydubai launched its operations to Ukraine in 2013 and offers 17 weekly flights from Kyiv and Odesa to Dubai.
“Through flydubai’s expanded codeshare partnership with Emirates, Ukrainian passengers also are offered unmatched travel options via Dubai’s aviation hub,” the company said.
According to the announcement, the company will use a new Boeing 737 MAX 8 on the Kyiv route.
Emirates will codeshare on this route as part of the Emirates flydubai partnership announced in July 2017.
“Another good news for Boryspil and its passengers. Terminal F will still be filled from next year,” Ukrainian Infrastructure Minister Volodymyr Omelyan commented on the announcement.
flydubai carries out more than 1,700 flights per week to more than 90 destinations in 48 countries.
