Business news from Ukraine

“Ukrgazvydobuvannya” launched three more wells in June

5 July , 2023  

Ukrhazvydobuvannya (UGV) in June launched three more wells in the east of the country with the total production of 425 thousand cubic meters of gas per day.
“Ukrhazvydobuvannya, which is part of Naftogaz group, launched three high-efficiency wells with a total production rate of 425,000 cubic meters of gas per day. Two of them are new, the third got a new life after overhaul,” announced the company on Wednesday.
As Naftogaz head Alexei Chernyshov noted, the two new wells were drilled by UGV at the old field.
“This is a very good result, which was made possible by the development analysis and the use of the constructed 3D model. Such modern approaches made it possible to launch a total of 10 new wells in the field, the daily production of which exceeded 3 million cubic meters,” explained Chernyshov, quoted on Naftogaz’s website.
As the company informed, one more well, on which the overhaul was carried out, has been working at the field for almost 30 years. Prior to the repair work, gas production from it was insignificant, but after its transfer to the higher horizon, the well increased production tenfold.
“In the first half of 2023 our company has already put into operation 11 high-efficiency wells with an output of over 100 thousand cubic meters a day each. Four of them produce more than 300 thousand cubic meters per day. These are indicators which gradually draw us closer to our goals – increase of gas production”, Acting Director General of Ukrgazvydobuvannya Oleg Tolmachov said.
As Ukrainian News earlier reported, Ukrhazvydobuvannya has set a goal to increase its own production of natural gas by 1 billion cubic meters in 2023, up to 13.5 billion cubic meters. In 2022, the company produced 12.5 billion cubic meters of natural gas (commercial), which is 3% less than in 2021.
Naftohaz Ukrayiny owns 100% of Ukrhazvydobuvannya shares.