The company has lowered the forecast of gas production

Укргаздобыча снизила прогноз добычи газа

Forecast revised due to the lack of new licenses for mineral resources development

The company is unable to significantly increase the gas production without increasing the resource base.

A subsidiary company of Naftogaz of Ukraine Ukrgazdobycha has lowered the forecast of gas production this year to 15.5 billion cubic meters from 16.5 billion cubic meters of gas. Forecast revised due to the lack of new licenses for mineral resources development, said the head of the company Oleg Prokhorenko.

“This year was originally planned to produce 16.5 billion cubic meters of gas. Unfortunately, this indicator will fail. So we are talking about 15.5 billion cubic meters of gas,” said Prokhorenko at a press conference on Tuesday, November 6.

He stressed that, in developing a program to increase gas production to 20 billion cubic meters by 2020, the company expected to receive during the 2016-2018 60 licenses to develop new fields, and got less than 20.

Additionally, the company is unable to significantly increase the gas production without increasing the resource base, as deposits of the company have already been depleted for more than 70%.

Earlier it was reported that the company to increase gas extraction pilot project cooperation with oil and gas companies with modern technologies of intensification of oil production in Mature and depleted fields.

 

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According to the materials:

UNIAN
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