Business news from Ukraine

Business news from Ukraine

“Ukrhazvydobuvannya started production from two more wells

14 May , 2024  

Ukrgazvydobuvannya (UGV) has launched two more high-yield wells with a flow rate of 270,000 cubic meters and 120,000 cubic meters of gas per day, the press service of Naftogaz Group said Tuesday. According to it, the wells are 6,200 meters and 6,225 meters deep, drilled in the same field, in the same reservoir and almost simultaneously, so they are called “twins” in technical slang.

Thanks to the use of modern drilling machines, the skill of Ukrburgaz specialists and the reduction of accidents during the work, the wells were drilled in 8 months, whereas previously it took 2-3 years.

“New seismic and drilling data allowed our specialists to create a high-quality 3D model, which is one of the best in “Ukrgasvydobuvannya” and allows us to effectively plan the directions of further development of this field. The works on the field continue, and drilling of the next appraisal and production well will be completed soon”, – Oleg Tolmachev, Head of UGV, noted.

In total, since the beginning of 2024, UGV has already put into operation seven new high-yield wells, including twin wells.

As reported, UGV launched 86 new wells during 2023, of which 24 – with an initial flow rate of more than 100 thousand cubic meters.

In 2022, UGV produced 12.5 billion cubic meters of natural gas (marketable), which is 3% less than in 2021. At the end of 2023, the company’s marketable gas production amounted to 13.224 billion cubic meters, which is 0.679 billion cubic meters more than in 2022. The target for 2024 is 13.75 billion cubic meters.

Naftohaz Ukrainy owns 100% of Ukrhazvydobuvannya.

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