PJSC “Ukrnafta” in January-July 2023 increased production of oil with condensate by 4.5% (by 36 thousand tons) compared to the same period of 2022 – up to 828 thousand tons, the press service of the company reported.
The average daily production of oil with condensate for seven months of 2023 was 3.9 thousand tons, 2022 – 3.7 thousand tons, 2021 – 4 thousand tons.
Ukrnafta’s gas production in January-July 2023 increased by 6.8% (by 40 million cubic meters) compared to the same period of 2022 – to 628 million cubic meters.
Average daily gas production for seven months of 2023 amounted to 2.964 million cubic meters, 2022 – 2.772 million cubic meters, 2021 – 3.015 million cubic meters.
According to the press-service, for seven months of the current year 65 workovers, 18 stimulations, 15 stimulations without workover crews, 13 coiled tubing operations were carried out at the company’s fields. 21 wells were brought out of inactivity.
“Cumulatively, these and other measures brought additional 52 thousand tons of oil and 28 million cubic meters of gas,” the company said.
In addition, Ukrnafta in January-June 2023 transferred 12.32 billion UAH of taxes to budgets of all levels, including 1.187 billion UAH of income tax for the first quarter and 2.077 billion UAH – for the second quarter.
As reported, Ukrnafta, which has been fully under state control since the end of 2022, has set a strategic goal to double its oil and natural gas production to 3 million tons and 2 billion cubic meters respectively by 2027. In 2023, the company plans to increase oil production by 5.8% (up 0.077 million tons) year-on-year to 1.447 million tons, and gas production by 0.3% (up 0.003 million cubic meters) to 1.04 billion cubic meters.
On November 5, 2022, the Supreme Commander-in-Chief decided to seize the shares of Ukrnafta and Ukrtatnafta (except for the controlling and blocking stakes of Naftohaz Ukrainy, respectively) as state property during martial law. Prior to the seizure, the structures of Igor Kolomoisky and Hennadiy Bogolyubov owned about 42% of Ukrnafta and, together with other partners, a controlling stake in Ukrtatnafta.
As of the end of March 2023, Ukrnafta had 89 fields with 23 million tons of proven reserves and with 1,806,000 active oil wells and 152 gas wells. The company operates 537 gas stations, of which 28 have been modernized. Sales at them this year are expected to reach 350,000 tons, or about 7% of the market. Last year, wholesale and retail sales of petroleum products totaled 1.665 million tons.
At the end of June 2023, the Antimonopoly Committee of Ukraine (AMCU) allowed Ukrnafta to take control of stakes in the authorized capitals of Ukrnaftoburnia, Sakhalinskoye, Sirius-1, and East Europe Petroleum, which operate in the Sakhalin gas condensate field. In general, the Sakhalin field will produce 844.3 million cubic meters of gas and 86 thousand tons of oil and condensate in 2020 and 789.5 million cubic meters and 80.8 thousand tons in 2021.
condensate, GAS, OIL, UKRNAFTA
Ukrhazvydobuvannya JSC (UGV) has discovered a new gas field with reserves that may reach 1 billion cubic meters.
“The received geological information indicates that the reserves of the new field may reach 1 billion cubic meters of gas,” Naftogaz Ukrainy said in a press release on Tuesday.
UGV tested a drilling well with a depth of almost 4,000 meters “from scratch” and completed the work in August this year, before drilling the company’s specialists conducted a 3D seismic survey.
“This is not the first discovery of new hydrocarbon deposits this year. By building up reserves, we are creating a prospect for sustainable growth in gas production,” the press release quoted Ukrgasvydobuvannya’s acting general director Oleg Tolmachev as saying.
According to him, UGV will continue the geological exploration program at this field and plans to drill new wells.
As reported, UGV aims to increase natural gas production by 1 billion cubic meters to 13.5 billion cubic meters in 2023. In 2022, UGV produced 12.5 billion cubic meters of natural gas (commercial), which is 3% less than in 2021.
Naftohaz Ukrayiny owns 100 percent of Ukrhazvydobuvannya.
Natural gas reserves in Ukrainian underground gas storages (UGS) have reached 11.7 billion cubic meters of gas, and 1.5 million tons of coal are in the warehouses of power plants, Prime Minister Denis Shmygal said.
“We are also preparing the heat and power sector for winter. Repairs of cogeneration plants, boiler houses, thermal power plants are going on as planned. 11.7 billion cubic meters of gas has already been pumped into Ukrainian gas reservoirs. This is almost 80% of the demand. We have 1.5 million tons of coal in stock, we plan to reach the figure of 1.8 million tons,” Shmygal said at a meeting of the Ukrainian government on Tuesday.
The head of the government called on the Ministry of Recovery, the Ministry of Energy, Ukrenergo and Naftogaz Ukrainy “to maximum concentration of efforts and mobilization of resources.”
As reported, Ukraine has 12 UGS facilities with a total design capacity of 31 billion cubic meters. The country plans to enter the 2023/24 heating season with 14.7bn cu.m. of reserves.
During the preparation for the heating season, Ukraine’s gas storage facilities have already accumulated 11.7 billion cubic meters of gas, and by the beginning of the autumn-winter period, it is planned to reach the figure of 14.7 billion cubic meters, Prime Minister of Ukraine Denys Shmyhal has said.
The Department of Communications of the Secretariat of the Cabinet of Ministers said on July 21 that he said this after a meeting with Deputy Prime Minister for Reconstruction, Minister for Communities, Territories and Infrastructure Development Oleksandr Kubrakov, Head of NJSC Naftogaz Oleksiy Chernyshev, representatives of the Ministry of Infrastructure, the Ministry of Energy, the Ministry of Economy and the Ministry of Finance.
At the meeting, issues of repairs, accumulation of fuel resources, and safety of thermal power facilities were discussed. Reports were heard from the Ministry of Infrastructure and NJSC Naftogaz on the plan for the preparation of thermal power plants for the autumn-winter period 2023/2024 and on the state of implementation of this plan for CHPPs, boiler houses, and thermal power plants.
“As the Ministry of Infrastructure reported, each enterprise has its own equipment repair plan, they are being implemented under the schedules. Those responsible for their observance have been identified. The state of readiness of housing and municipal services facilities has been considered. At the start of the heating season, they should reach 100%. This guarantees a stable winter,” Shmyhal said.
The prime minister also announced an instruction to ensure the protection of thermal power infrastructure facilities from enemy shelling. “Tasks have been set. Responsible persons have been identified. We are working to ensure that it is warm in the homes of Ukrainians,” the head of the Ukrainian government said.
DTEK plans to invest $120-130m in gas production in 2023, the company’s CEO Maxim Timchenko said. “This year we plan to invest $120-130 mln in production. 70% of these funds are for the development of new fields,” he said in an interview with Forbes Ukraine.
According to him, most of the company’s oil and gas assets have already passed peak production, the natural decline at operating wells is 15-18%.
“The only way to compensate for the decline is to develop new fields. This year we are starting to drill on recently purchased licenses… We plan to start drilling in the Mayorovskoye area in the fourth quarter of 2023,” Timchenko said.
The head of DTEK is convinced that Ukraine has huge prospects for gas production at a depth of 6000-7000 meters. “Thanks to the latest technologies, production at such depths is now paying off,” he specified.
Timchenko also said that at the end of 2022, DTEK’s enterprises produced 2 billion cubic meters of gas. At the same time, at the end of the year they had 0.6 billion cubic meters in underground storage facilities due to a drop in consumption and export ban, which led to liquidity problems throughout the first half of this year.
“But now Naftogaz has started buying back gas after all. I was skeptical about Naftogaz’s ability to buy back gas, but NAK has indeed entered the market and is actively buying back gas. Accordingly, we have liquidity, which allows us to fulfill our investment program,” he said.
At the same time, the head of DTEK believes that the authorities “need to discuss the topic of resuming Ukrainian gas exports with the market, because it has a significant impact on the development of Ukrainian gas production”.
As reported, the companies included in DTEK Naftogaz in November 2022 acquired at an open auction the right to develop two gas fields in the Poltava region: Mayorivska area for UAH 1.102 billion and Birkovsko-Zinkovska area for UAH 211 million.
“DTEK Naftogaz” in 2021 increased gas production by 12% (by 0.22 billion cubic meters) compared to 2020 – up to 2.06 billion cubic meters.
“DTEK was established in 2005 to manage the energy assets of Rinat Akhmetov’s System Capital Management (SCM) group.
The Uzbekistan GTL plant has launched wholesale sales of liquefied natural gas, the press service of Uzbekneftegaz reports.
The first batch of 161 tons of fuel was traded at the Republican Commodity Exchange on June 22. Liquefied gas is offered at a starting price of 3.12 million soums per ton and is supplied on the terms of the Shurtan gas chemical complex.
According to the report, LPG is produced from a mixture of propane and butane under pressure. Its small volume simplifies transportation and delivery to consumers, including to the most remote areas.
Shavkat Mirziyoyev launched Uzbekistan GTL in December 2021, after 5 years of construction. The plant processes natural gas into jet fuel, diesel fuel, liquefied gas, oil and other products.
In February 2022, the plant launched its own hydrogen production, and four months later, it started producing synthetic oil and diesel fuel from it. In September, the plant also started producing synthetic jet fuel.
The first batch of GTL diesel went on sale at the beginning of last July. Since then, the manufacturer has reduced the selling price of the fuel five times, by a total of almost 35% compared to the original price.
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