Business news from Ukraine

UKRAINE FOR FIRST TIME ENTERS RANKING OF WORKING DRILLING RIGS IN EUROPE, TAKING LEADING POSITION

For the first time, Ukraine has been included in the world rating pf operating oil and gas drilling rigs by Baker Hughes GE Rig Coun, in which it took the leading position in Europe in terms of the number of machines involved in drilling.
According to the press service of the Association of Gas Producers of Ukraine, which initiated including Ukraine in this rating, in May 186 drilling rigs operated in Europe (44 offshore platforms), almost half of which (84) worked in Ukraine.
Turkey (20 working machines) and the United Kingdom (16) follow Ukraine in the ranking, the association said.
“Over the past three years, Ukraine has carried out important reforms in domestic gas production, which consisted in improving the regulatory field and modernizing the relevant legislation. These changes are already noticed not only by Ukrainian but also by foreign investors – our country is becoming more attractive for them. Including Ukraine in the BHGE Rig Count index is extremely important because it demonstrates revival in the domestic market and serves as a good indicator for the leading gas producing and service companies to come to Ukraine,” executive director of the association Roman Opimakh said.

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