JSC Ukrgazvydobuvannia in January-March 2020 reduced commercial gas production by 0.4% (by 13.6 million cubic meters) compared to the same period of 2019, to 3.401 billion cubic meters, which was transmitted for the needs of the population and heating companies, the press service of the company said.
Ukrgazvydobuvannia said that it was possible to maintain commercial gas production at last year’s level due to the commissioning of 14 wells, some 158 coil-tubing operations, some 30 overhaul of wells operations and some 29 hydro fracturing operations for three months.
The first deputy director general of the company, Oleksandr Romaniuk, said that the revenues of oil and gas companies will decrease due to reduced demand in the markets, followed by lower oil and gas prices, which will lead to a decrease in investments.
“In addition, due to the coronavirus [COVID-19] pandemic, contractors cannot always follow the contractual terms of work and supplies. Until the end of the year, we will feel the negative impact of these factors on production indicators,” he said.
Romaniuk also said that the recently concluded service contract between Ukrgazvydobuvannia and Expert Petroleum international company will allow involving foreign investment and management practices of the company’s depleted fields in 2020.
The company also continues to modernize its ground infrastructure, in particular it plans to re-equip existing and construct new gas processing plants. Joint projects are continuing with Schlumberger to drill well No. 888 of Shebelynka gas field and Halliburton to rehabilitate wells from an out-of-act ion stock by drilling offshoots.
