Over the past month, JSC UkrGasVydobuvannya (part of Naftogaz Group) has launched two production wells at one of the largest fields in Ukraine. In total, they added more than 300,000 cubic metres of gas to the company's daily production.
This was reported by the press service of Naftogaz of Ukraine.
Thus, at the field, which is more than 50 years old, the operation of the new wells have resulted not only in stopping the decline in production but also in achieving an increase in production performance.
"The field still has deposits with high residual potential. To unlock all its potential, UkrGasVydobuvannya specialists are currently drilling and developing ten more production wells," said Oleksiy Chernyshov, CEO of the company.
It is noted that due to the modern seismic surveys, the field has been resumed for additional exploration. This makes it possible to increase the proven hydrocarbon reserves. To this end, 5 new exploration wells have been designed, the first of which is already being drilled.
"In order to meet the production growth targets set for 2023, we are increasing drilling volumes at the fields where it is justified by geological conditions and technical and economic calculations," said Oleh Tolmachev, Acting CEO of UkrGasVydobuvannya.
Background. Naftogaz of Ukraine plans to enter the Ukrainian Energy Exchange (UEEX) to purchase gas produced in Ukraine tentatively in late April – early May 2023. Naftogaz plans to make purchases at the company's own expense to ensure a stable passage of the next heating season. The company also "aims to support domestic producers to develop and increase Ukrainian production".
The UEEX expects this to revive the market and increase the number of real transactions in the commercial segment. The return of Naftogaz may also reduce tensions between the largest producers and traders, which arose in the war-distorted market and led to a collusion between the gas companies of Rinat Akhmetov and Ihor Kolomoisky.
Mind looked into the causes and consequences of the events unfolding in the domestic gas market that led to its distortion.