Ukrgasvydobuvannya JSC (UGV), a part of Naftogaz Group, has commissioned a new high-performance well with a daily production rate of 274 thousand cubic meters of gas.
As reported on the group’s website on Tuesday, the well’s peculiarity is that the planned bottom hole is located directly under a settlement.
“The commissioning of the new well increased daily gas production at the field by 17%. The next well is next in line, which will be put into operation in August this year,” said Oleksiy Chernyshov, Chairman of Naftogaz Group.
The idea to drill the well belongs to Andriy Tiro, UkrNDIGas developer, who assessed the field’s production potential and found a remote site for its development. The development team performed a detailed geological and technical study and recommended the well for drilling.
“It was possible to drill a well under the settlement due to modern drilling equipment, advanced technologies and skill of Ukrburgaz specialists, who solved a rather difficult task and drilled a well with a bottom hole reach of more than 1300 m in four months,” said Serhiy Lagno, Chairman of Ukrgasvydobuvannya.
At the same time, the specialists of Ukrgazpromgeofizyka performed complex logging operations and determined the depth of gas-bearing formations in the conditions of a large wellbore angle.
In total, in the first half of 2024, UGV drilled 50 wells, 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 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.
In January-June 2024, Ukrgasvydobuvannya JSC increased natural gas production (commercial) by 8.8% compared to the same period in 2023 – up to 6.913 billion cubic meters, the company’s press service said on Wednesday.
According to the company, 165.864 thousand meters were drilled during the reporting period, which is 9.117 thousand meters more than last year’s penetration rate for the first half of 2023.
“Ukrgasvydobuvannya put 41 new wells into operation, 14 of which are high flow rate wells. For example, the daily flow rate of one of the latter exceeds 400 thousand cubic meters. These are very good results that we have achieved thanks to the integrated work of the team,” said the Head of the company Serhiy Lagno.
According to him, UGV also demonstrates good gas production performance at old modernized wells due to the introduction of new technologies.
As reported, Ukrgasvydobuvannya and Ukrnafta produced 7.3 bcm of commercial gas in January-June 2024, which is 8% more than in the same period last year.
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.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.
Chief Engineer of Ukrgasvydobuvannya Serhiy Lahna has been appointed acting CEO of the company instead of Oleh Tolmachev, the press service of Naftogaz Group reported on Friday.
The decision was approved by the Supervisory Board and the Management Board of Naftogaz of Ukraine.
“Lagno is a highly qualified specialist with almost 20 years of experience in hydrocarbon production. He has two higher technical educations in the specialties of Oil and Gas Equipment and Oil and Gas Production,” the statement said.
As reported, Tolmachev became the head of Ukrgasvydobuvannya in January 2023, replacing Oleksandr Romanyuk.
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.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.
According to the Opendatabot Index, the leading companies in the extractive industry earned more than UAH 365 billion last year. Their total revenue grew by 13% compared to the first year of full-scale operations. More than half of the total revenue of the top companies is accounted for by 2 state-owned companies. Another 6 companies belong to Rinat Akhmetov’s SCM Group.
UAH 365.26 billion was the total revenue of the mining industry leaders in 2023, according to according to the Opendatabot Index. This is even 11% more than before the start of the full-scale war.
This year’s Index is led by state-owned Ukrnafta, which increased its revenue by 2.3 times in 2023 to UAH 95.17 billion. This is 26% of the total revenue of the top 10 extractive industries. In addition, Ukrnafta also made the largest profit among the top 10 companies: UAH 25.74 billion.
Last year’s leader, Ukrgasvydobuvannya, moved to second place. Despite the fact that the company managed to increase its revenue by 9%, its net profit decreased 19 times to UAH 3.14 billion in 2023. Ukrgasvydobuvannya’s main activity is natural gas production.
In total, these two state-owned companies earned half of the total income of the leaders of the extractive industry: UAH 189 billion.
Another 41% of the leaders’ revenue was shared by six companies of Rinat Akhmetov’s SCM Group: UAH 149.67 billion. Five of them made a net profit of UAH 32.35 billion. Only Central GOK suffered a loss of UAH 1.33 billion.
Among the SCM Group companies that increased their revenues in 2023 are Northern GOK (+44%), Svyato-Varvarinskaya Concentrator (+32%) and Pokrovskoye Mining Group (+14%). At the same time, revenues of Naftogazvydobuvannya and Central GOK decreased by 35% and 31%, respectively, and DTEK Pavlohradvuhillya decreased by 6%.
The Index also includes two companies, FERREXPO AG, associated with Konstantin Zhevago. Their total revenue for 2023 decreased by almost a third compared to 2022: Poltava Mining by 33% and Yeristovo Mining by 32%. However, these two companies managed to generate a combined profit of UAH 970.7 million.
In total, nine out of ten companies included in the Index managed to make a profit last year, amounting to UAH 62.11 billion. For comparison, in 2022, only 6 out of ten companies were profitable.
Who dropped out of the top?
This year’s Index did not include Inguletsky GOK, whose revenue decreased by 32%, and Ukrnaftoburinnya (-38%), which was previously part of the group of companies owned by Ihor Kolomoisky and became state-owned by a court decision. Currently, Ukrnaftoburinnya is managed by Ukrnafta.
https://opendatabot.ua/analytics/index-mining-industry-2024
extractive industry, RINAT AKHMETOV, SCM, UKRGASVYDOBUVANNYA, UKRNAFTA
Ukrgasvydobuvannya JSC has drilled and launched a well with a daily flow rate of 439 thousand cubic meters of gas, the press service of Naftogaz Group reported on Friday.
According to the press service, the 5,767-meter-deep well was drilled as an exploration well to clarify the geological structure and assess the gas content of deposits in one of the recently discovered fields.
The well was drilled in September 2023 by Ukrburgaz drilling department.
“Naftogaz continues to increase its own gas production even in times of war. We recognize the importance of increasing production for the country’s energy independence and sustainability, as well as the stability of the upcoming heating season. I am grateful to the team for the result,” said Oleksiy Chernyshov, Group CEO.
According to Oleg Tolmachev, Head of UGV, the results obtained mean that the field will be further exploratory drilled to increase the raw material base and production volumes. “We have completed drilling two more exploration wells at the field. They are currently being prepared for testing,” he added.
As reported, in January-May 2024, Ukrgasvydobuvannya launched 36 new gas wells, 11 of which are highly productive and produce more than 100 thousand cubic meters of gas per day.
In 2023, UGV launched 86 new wells, 24 of which have an initial flow rate of more than 100 thousand cubic meters.
In 2022, UGV produced 12.5 bcm 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.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.
In March-April, Ukrgasvydobuvannya JSC received 102 diesel generators funded by the United States Agency for International Development (USAID), the company’s press service said on Friday.
According to the press service, they are used as emergency stationary power sources to provide electricity to production facilities and repair bases, as well as administrative buildings. The diesel generators can also be used as mobile power sources for field crews for maintenance, repair and construction of UGV facilities.
“USAID is helping Ukraine prepare for the next winter in this way. Every day our company overcomes many challenges related to the war. In this difficult time, assistance from international partners is very important for us,” said UGV CEO Oleg Tolmachev.
In turn, the press service of Naftogaz clarified that USAID will also provide additional means of protection for the group’s gas production facilities from Russian attacks.
“We are very grateful to the international partners who have provided us with this assistance, as it is extremely important to support Ukrainian production in the face of the destruction of the country’s energy infrastructure,” said Oleksiy Chernyshov, the group’s CEO.
As reported, in 2022, Ukrgasvydobuvannya produced 12.5 bcm 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.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.
