Business news from Ukraine

“Ukrgazvydobuvannya” launched another powerful well in March

24 March , 2023  

Ukrgasvydobuvannya launched two wells with daily flow rates of 300-400 thousand cubic meters in March 2023, NJSC Naftogaz of Ukraine board chairman Oleksiy Chernyshov said.
“We not only ensure operation of our facilities but also work on drilling of new wells. Only in March we launched two new powerful wells producing 300-400 thousand cubic meters per day. Thanks to application of modern approaches to the development of hydrocarbon fields, we have managed to achieve significant results at these wells,” the press service of the National joint-stock company quotes him as saying.
As reported, in mid-March Ukrhazvydobuvannya announced the launch of a new appraisal and production well to a depth of 5950 meters, which yields 340 thousand cubic meters per day.
While designing the well using 3D model of the field, specialists were able to identify a prospective area of the productive layer of the field, which so far has not been developed.
Earlier, the head of Naftogaz Chernyshov said that the company aims to increase its own production of natural gas by 1 billion cubic meters in 2023, up to 13.5 billion cubic meters, which corresponds to a daily production of 37 million cubic meters.
“Ukrhazvydobuvannya”, 100% owned by Naftogaz of Ukraine, produced 12.5 billion cubic meters of natural gas (commercial) in 2022, 3% less than in 2021.