Ukrhazvydobuvannya JSC (UGV) has discovered a new gas field with reserves that may reach 1 billion cubic meters.
“The received geological information indicates that the reserves of the new field may reach 1 billion cubic meters of gas,” Naftogaz Ukrainy said in a press release on Tuesday.
UGV tested a drilling well with a depth of almost 4,000 meters “from scratch” and completed the work in August this year, before drilling the company’s specialists conducted a 3D seismic survey.
“This is not the first discovery of new hydrocarbon deposits this year. By building up reserves, we are creating a prospect for sustainable growth in gas production,” the press release quoted Ukrgasvydobuvannya’s acting general director Oleg Tolmachev as saying.
According to him, UGV will continue the geological exploration program at this field and plans to drill new wells.
As reported, UGV aims to increase natural gas production by 1 billion cubic meters to 13.5 billion cubic meters in 2023. In 2022, UGV produced 12.5 billion cubic meters of natural gas (commercial), which is 3% less than in 2021.
Naftohaz Ukrayiny owns 100 percent of Ukrhazvydobuvannya.
