Business news from Ukraine

Business news from Ukraine

“Ukrgasvydobuvannya” launches well with daily flow rate of 439 thousand cubic meters of gas

22 June , 2024  

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.

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