Business news from Ukraine

Business news from Ukraine

“Ukrgasvydobuvannya” increased gas production by 7.2%

9 September , 2024  

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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