Business news from Ukraine

Ukrgazvydobuvannia ensures increase in production

21 September , 2023  

JSC Ukrgazvydobuvannia has completed the drilling of several new wells since the beginning of 2023 and put into operation the necessary infrastructure at one of the new fields, which allows an additional 1.2 million cubic meters of gas to be produced per day, the company said in a press release.

According to acting general director of Ukrgazvydobuvannia Oleh Tolmachev, after confirming the presence of significant gas reserves at the new field, the company developed a program for its intensive development.

“We have drilled new wells and equipped the necessary infrastructure, which now allows us to produce a significant amount of blue fuel and transport it to the gas transportation system of Ukraine. This is another component of our plan to increase the production of our own fuel for the needs of the country,” he noted.

More than 250 workers from all 11 structural divisions of Ukrgazvydobuvannia and about 80 units of special equipment are involved in the implementation of the gas production project.

As reported, the company has a goal of increasing natural gas production by 1 billion cubic meters in 2023 – up to 13.5 billion cubic meters. In 2022, it produced 12.5 billion cubic meters of natural gas (commercial), which is 3% less than in 2021.

NJSC Naftogaz Ukrainy owns 100% of the shares of Ukrgazvydobuvannia.

,