Business news from Ukraine

UKRGAZVYDOBUVANNIA SUCCESSFULLY CARRIES OUT FIRST HYDRAULIC FRACTURING USING OWN EQUIPMENT

3 October , 2016  

KYIV. Oct 3 (Interfax-Ukraine) – Public joint-stock company Ukrgazvydobuvannia has successfully carried out first hydraulic fracturing operations using own equipment, the company’s press service has reported.

The press service said that after dry well stimulation its gas flow rate reached 48,000 cubic meters a day. It is expected that the well will be used optimally with the production rate of 74,000-90,000 cubic meters a day. After its connection the operation of the well will start.

Around 100 hydraulic fracturing operations were carried out in 2000s by the equipment the company now uses for hydraulic fracturing, but due to unskilled specialists and low quality of materials the efficiency coefficient then was around 30% instead of the 70% acceptable for industry.

The press service said that after three years of idle period of hydraulic fracturing equipment Ukrgazvydobuvannia repaired it and expanded with modern equipment. The company used modern materials and introduced advanced preparation methods. The company also involved the best team of foreign specialists in Eastern Europe.

“Successful first hydraulic fracturing operations open a new horizon to increase gas production by Ukrgazvydobuvannia. We use the most modern technologies, attract equipment and competence of global technological leaders such as Halliburton and Weatherford. This program would be successfully expanded with the involvement of servicing companies Belorusneft and Tacrom that offered the better price for stimulation operations. Our top priority is to boost hydrocarbon production. We are trying to do this as effectively as possible,” Production Director Yuriy Nahorniak said.