”Ukrnaftoburinnya” reported an increase in gas production 64.4% in the first half

Private JSC ”Ukrnaftoburinnya” gas production increased to 65.4% in the first half it produced 186 million m3 is 73 million m3 more compared to the same period in 2016, reports «Interfax-Ukraine» with reference to press release of the company.

The Agency notes that the owners are businessmen Igor Kolomoisky and Vitaliy Khomutynnik (the head of the parliamentary Deputy group ”Renaissance”).

Oil production with gas condensate from January to July 2017 increased by 75%, or 9 thousand tons 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», – quotes ”Interfax-Ukraine” the head of the Department of Geology ”Ukrnaftoburinnya” Vladimir Novikova.

In the second half, the company plans to continue to increase production volumes, including due to the launch of new wells. At the end of the year or early next ”Ukrnaftoburinnya” is going to be operational for at least another four new wells.

For 2016, the company produced 259 million m3 of gas and 29 million tons of crude oil and condensate, doubled net earnings (960,151 million UAH) and by 54.2% net income (3 billion 247 million UAH).

In 2010, one of the largest private gas producers in Ukraine is developing in Krasnokutsky district, Kharkiv region Sakhalin oil and gas condensate field, operated 22 gas condensate and oil and gas wells and additionally, in the framework of agreements on joint activities, – 10 gas condensate wells, says the Agency.

”Ukrnaftoburinnya” reported an increase in gas production 64.4% in the first half 12.07.2017

Июль 12th, 2017 by
36 queries