Business news from Ukraine

UkrHazvydobuvannya drilled deepest well in its history

15 July , 2023  

PJSC UkrHazVydobuvannya (UHV) in early July completed drilling of a new exploration well at a depth of 6600 meters, which became the deepest in the company’s history.

According to the company, the well flow rate is 150 thousand cubic meters of gas.

The task of the new well was to further explore hydrocarbon deposits and clarify the geological structure of the field, which was discovered only in 2019.

The performed industrial geophysical studies allowed to add more than 100 million cubic meters of recoverable hydrocarbon reserves.

“A team of specialists from different fields worked on the design and construction of this special well, which allowed us to perform the work qualitatively and in a short time. Our drillers once again proved their skill in drilling to deep productive horizons. As a result – additional production and new prospects for further development of the field,” – said the head of the company Oleg Tolmachev.

As reported, in the first half of 2023 “UGV” put into operation after drilling and overhauls 13 wells with high gas production rates (more than 100 thousand cubic meters per day).

“Ukrgasvydobuvannya” drilled 47 new wells in 2022 against 50 in 2021. In 2023, the company plans to increase drilling 1.5 times compared to last year – up to 300 thousand meters.

“Naftogaz” aims to increase its own natural gas production by 1 billion cubic meters in 2023 – up to 13.5 billion cubic meters. In 2022, UGV produced 12.5 billion cubic meters of natural gas (marketable), which is 3% less than in 2021.

Naftohaz Ukrayiny owns 100 percent of Ukrhazvydobuvannya.