Ukrnefteburenie increased oil and gas production

Укрнафтобуриння увеличила объем добычи газа и нефти

Production of gas and oil has increased

The volume of production increased by 65% and 75%, respectively.

PJSC “Ukrnefteburenie” in January-June 2017 gas production increased 64.6% (73 million cubic meters) compared with the same period of 2016 – up to 186 million cubic m. About it reports Interfax-Ukraine.

According to a press release from the company, production of oil with gas condensate in the first half of the year increased by 75% (9 thousand tons) – up to 21 thousand tons.

“Significant increase in operational performance in the first half of 2017 is made possible through investment in exploration and enhanced recovery of existing wells,” said the head of the Department of Geology Vladimir Novikov.

According to him, over the last three quarters “Ukrnefteburenie” has commissioned three new wells, until the end of July is scheduled to launch another new wells, which will further increase production volumes in the second half.

In addition, in late 2017 – early 2018, the company intends to Commission at least another four new wells.

Gas extraction “Ukrnefteburenie” in 2016 amounted to 259 million cubic metres of oil and condensate – 29 thousand tons.

“Ukrnefteburenie” – one of the largest private gas producing companies in Ukraine. Owners are Igor Kolomoisky and Vitaly Homutynnik.

Since 2010, developing the Sakhalin oil and gas condensate field (Krasnokutsk district, Kharkiv region). The company operates 22 gas-condensate and oil wells. In the framework of agreements on joint activities additionally operates 10 gas condensate wells.

We will remind, earlier it was reported that Ukraine is almost half filled up the gas reserves.

World oil prices have increased decline