Business news from Ukraine

Business news from Ukraine

Ukrgasvydobuvannya and Ukrnafta increased gas production by 6%

In January-October 2024, Ukrgasvydobuvannya JSC and Ukrnafta PJSC increased commercial gas production by 6% compared to the same period last year, up to 12.3 bcm, according to the website of Naftogaz of Ukraine.
“Despite the hostilities, our specialists continue to drill new wells and steadily increase gas production. We are doing everything possible to ensure that Ukrainians can continue to use their own fuel during the heating season,” said Naftogaz CEO Oleksiy Chernyshov.
As reported, the consolidated quarterly report of Naftogaz forecasts that the group’s commercial gas production in 2024 will amount to 14.6 billion cubic meters. In February, Chernyshov noted that the group’s goal for this year is to get closer to 15 bcm of production.

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“Ukrgasvydobuvannya” has increased flow rate at one of wells fivefold

After hydraulic fracturing, Ukrgasvydobuvannya JSC (UGV) has increased the flow rate at one of its wells fivefold to more than 100 thousand cubic meters of gas per day, the company’s press service reports.
According to the company, from November 2023 to August 2024, the well operated with a gradual decrease in flow rate from 29 thousand cubic meters to 18 thousand cubic meters of gas per day.
The decision to workover the well was made after calculating the well’s potential and collecting geological and technical information. The well was fractured within 18 days.
As reported, in January-August 2024, UGV increased commercial gas production by 7.2% compared to the same period last year – up to 9.26 bcm. During this period, UGV completed drilling of 62 wells, of which 52 were put into production. Of these, 23 have an initial daily flow rate of more than 100 thousand cubic meters.
In 2023, the company produced 13.224 bcm of commercial gas, which is 0.679 bcm more than in 2022. “In 2023, Ukrgasvydobuvannya launched 86 new wells, 24 of which had an initial flow rate of more than 100 thousand cubic meters.
Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.

“Ukrgasvydobuvannya” increased gas production by 7.2%

In January-August 2024, Ukrgasvydobuvannya JSC (UGV) increased commercial gas production by 7.2% compared to the same period last year – up to 9.26 billion cubic meters, the company reported on its Facebook page.

During this period, UGV completed drilling 62 wells, of which 52 were put into operation. Of these, 23 have an initial daily flow rate of more than 100 thousand cubic meters.

“We continue to actively drill wells, introduce new technologies, explore new fields – we do everything to increase gas production every day. The cubic meters of gas and oil produced make Ukraine more stable and provide a reliable rear for our soldiers,” said Serhiy Lahno, Chairman of Ukrgasvydobuvannya.

As reported, in 2023, the company produced 13.224 bcm of commercial gas, which is 0.679 bcm more than in 2022.

“In 2023, Ukrgasvydobuvannya launched 86 new wells, 24 of which had an initial flow rate of more than 100 thousand cubic meters.

NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.

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“Ukrgasvydobuvannya” has commissioned well with flow rate of 274 thousand cubic meters per day

JSC Ukrgasvydobuvannya (UGV) has launched a high-performance well in Poltava region with a daily production rate of 274 thousand cubic meters of gas.
According to the company’s website, the new well was drilled as an appraisal and production well using a hydrocarbon-based mud. Its peculiarity is that the planned bottom hole is located directly under a settlement.
“The idea of drilling this well belongs to Andriy Tiro from UkrNDIGas, he assessed the field’s production potential and found a remote site for its drilling. At the same time, the development team has prepared a detailed geological and technical feasibility study,” said Serhiy Lagno, UGV CEO, as quoted on the website.
He added that the well was drilled thanks to modern drilling equipment, advanced drilling technologies and the skill of Ukrburgaz drilling department (UGV division – IF-U) specialists, who completed a rather difficult task in 4 months: they drilled a well with a bottom hole reach of more than 1.3 thousand meters.
In turn, the specialists of the Ukrgazpromgeofizyka geophysical department (UGV branch – IF-U) performed complex logging operations and determined the depth of gas-bearing formations in the conditions of a large wellbore angle.
“The commissioning of the new well increased gas production per day at this field by 17%. This means that the field has prospects for further drilling, despite its depletion and age,” commented the head of UGV.
As the company recalled, Ukrgasvydobuvannya drilled 50 wells in 6 months of 2024, of which 41 were put into operation.
As reported, in 2023, Ukrgasvydobuvannya launched 86 new wells, 24 of which had an initial flow rate of more than 100 thousand cubic meters, and in January-May 2024, 36 new gas wells, 11 of which are highly productive.
In 2023, the company produced 13.224 bcm of commercial gas, which is 0.679 bcm more than in 2022.
“In January-June 2024, Ukrgasvydobuvannya increased natural gas production (commercial) by 8.8% compared to the same period in 2023 – up to 6.913 bcm.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.

“Ukrgasvydobuvannya” has commissioned new well with flow rate of 107 thousand cubic meters of gas per day

Ukrgasvydobuvannya JSC has commissioned a new well with a flow rate of 107 thousand cubic meters of gas per day, the company reported on Facebook.
The appraisal and production well with a depth of 3715 meters was drilled by the Shebelynka drilling department at the old gas condensate field, which has been developed since 1978. Despite this, the field has significant residual reserves of more than 0.9 billion cubic meters of gas.
“This well has achieved a high flow rate due to the stimulation measures taken, including three stages of hydraulic fracturing. The well was completed using a coiled tubing unit,” said Serhiy Lagno, Head of UGV.
As reported, in 2023, Ukrgasvydobuvannya launched 86 new wells, 24 of which had an initial flow rate of more than 100 thousand cubic meters, and in January-May 2024, 36 new gas wells, 11 of which are highly productive.
In 2022, UGV produced 12.5 billion cubic meters of natural gas (commercial), which is 3% less than in 2021. In 2023, the company produced 13.224 bcm of commercial gas, which is 0.679 bcm more than in 2022.
“In January-June 2024, Ukrgasvydobuvannya increased natural gas (commercial) production by 8.8% compared to the same period in 2023 – up to 6.913 bcm.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.

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“Ukrgasvydobuvannya” paid UAH 11 bln of rent to budget

In January-June 2024, JSC Ukrgasvydobuvannya paid UAH 11.02 billion of rent payments to the consolidated budget of the country.

“Of this amount, 5%, or UAH 551.03 million, goes to the budgets of local and regional levels in the regions where the company produces hydrocarbons,” the company’s website said on Wednesday.

In particular, Kharkiv region will receive UAH 284.66 million, Poltava region – UAH 220.36 million, Lviv region – UAH 22.76 million, Dnipropetrovs’k region – UAH 10.76 million, and others – UAH 12.49 million.

As reported, in 2022, Ukrgasvydobuvannya produced 12.5 bcm of natural gas (commercial), which is 3% less than in 2021. At the end of 2023, commercial gas production amounted to 13.224 billion cubic meters, which is 0.679 billion cubic meters more than in 2022.

NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.