PrJSC Ukrnaftoburinnia in January-March 2020 increased natural gas production by 19% compared to the same period in 2019, to 197 million cubic meters, oil and condensate by 13%, to 23,200 tonnes, the press service of the company has said.
In March, the volume of production amounted to 65.2 million cubic meters of natural gas and 7,600 tonnes of oil and condensate.
“Despite the global economic situation and strict quarantine measures, the company continues to increase production results and focus on modern technologies to maintain and increase production volumes,” the press service said citing chairman of the board Mykhailo Bakunenko.
At the same time, Ukrnaftoburinnia notes that the oil and gas industry is currently in a difficult situation, a possible forced reduction in investment in the sector could affect the level of hydrocarbon production. In accordance with this, the company sees the need for government support for the industry.
As reported, in 2019 the company increased production of natural gas by 38% compared to 2018, to 734.6 million cubic meters, oil and condensate by 21.5%, to 87,100 tonnes.
