Business news from Ukraine

Business news from Ukraine

“Ukrburgaz” set record for drilling new wells in April

1 May , 2024  

Ukrburgaz Drilling Department (a division of Ukrgasvydobuvannya JSC) drilled 40,059 meters in April 2024, which is 24% higher than the previous monthly record set in November-2023 – 32,423 meters.

“Despite the war, we continue to drill new wells, increase gas production, fill underground storage facilities and generally work on increasing production figures,” Naftogaz Group head Oleksiy Chernyshov said, quoted on the company’s website on Wednesday.

According to him, the record figures were achieved, in particular, due to the rapid construction of drilling sites, accelerated work on mobilization of equipment and installation of drilling rigs, as well as clear distribution of special-purpose vehicles to accelerate the start of drilling of 9 wells.

In turn, as the head of Ukrgasvydobuvannya, Oleg Tolmachev, commented, the acceleration of drilling is directly related to improved production performance.

“We have already significantly increased the penetration rate. This year we plan to drill 365 thousand meters,” he noted.

Naftogaz Group increased gas production by 12% year-on-year in the first quarter of 2024.

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