“Ukrburgaz (a division of Ukrgasvydobuvannya) has set records in daily, monthly and annual penetration this year, said Oleh Tolmachov, UGV CEO.
“Next year, UGV plans to maintain the trend of increasing gas production and increase drilling penetration. Already this year, we see that our major projects, such as large-scale 3D seismic, are yielding results – a powerful well in western Ukraine. And next year, we expect even more data and will plan new drilling wells,” the company’s press service quoted him as saying on Facebook.
An important component of the company’s success in overcoming the production decline trend is the revision of the drilling site preparation cycle, which has reduced the time spent working with wells.
UGV is also working to shorten the well construction cycle, reduce capital expenditures and improve safety.
As reported, in February this year, UGV CEO Oleh Tolmachov said that the company plans to increase drilling by 1.5 times compared to last year – up to 300 thousand meters in 2023.
In 2023, Ukrgasvydobuvannya is tasked with increasing natural gas production by 1 bcm to 13.5 bcm. In 2022, the company produced 12.5 bcm of natural gas (commercial), which is 3% less than in 2021.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.
