Denimex will provide directional drilling and downhole drilling motors services for UGV for UAH 21.3 million

Denimex Ukraine LLC (Denimex) won 2 tenders of Ukrgasvydobuvannya JSC (UGV) held for the needs of Ukrburgaz DD for the provision of downhole drilling motors services (DDM) and directional drilling, with a total cost of UAH 21.3 million (including VAT). This is reported on April 15 in the ProZorro system.

According to the report Denimex won the following tenders:

• 1. Downhole drilling motors services at UAH 15.9 million to be provided before December 31, 2020.

The minimum number of DDM required to perform these services is 18 motors, and the scope of services is 4,760 working hours. In the auction on March 31, 2020, Smith Services Ukrane LLC, Ukrainian Service Drilling Company -1 PP and the winner Denimex Ukrane with the lowest offer with a difference of about UAH 130 thousand from the offer of the closest competitor participated.

• 2. Directional drilling Services with a cost of UAH 5.3 million and a delivery of December 31, 2020.

These services are provided in well #116 at the Vesnyanske oil and gas condensate field (OGCF), with a depth of 6,115m MD and 5,950m TVD. The interval for directional drilling services is from 1,470 meters to the target depth.

The project documents provide for seven coring runs in the range of 5,110-5,830m. The auction was also attended by Beiken Energetika Ukraine, Horyzonty Drilling Company, Burova Tekhnika and Weatherford Ukraine.

EхPro Reference

Denimex Ukraine LLC (its founder is USA Denimex Incorporated (USA), its Director is Volodymyt Sadovych and the beneficiary is Denis Hurvich) is oil and gas service company, which is part of the American Denimex Holding, and represents the interests of production and service foreign companies.