ESKO-Pivnich increases condensate storage tank farm at the Karaykozivske field

ESKO-Pivnich Energy and Service Company LLC increases the tank farm for storage of the produced gas at the IGTP of the Karaykozivske field in the Kharkiv region, the company website reads.

According to the report, additional tanks with a volume of 700 cubic meters were installed at the facility, which increased the total volume of the tank farm at this field above 3,000 cubic meters.

Taras Burdeyny, CEO of ESKO-Pivnich Energy and Service Company, said: "The tank farm is an important preparatory stage in our strategy aimed to increase hydrocarbon production at the Karaykozivske field." In addition it is planned to build a process pumping station for pumping sales condensate from the RVS-700 Nos. 1, 2, 3, and 4, and an additional sales condensate loading point.

Recall that in July this year, ESKO-Pivnich reported the completion of drilling of ultra-Deep Well No. 48 at the Karaykozivske field with a depth of 6,350 m. Testing of the well is on-going, the company reports. Mineral licence No. 5318 for the Karaykozivske OGCF for commercial development and production of hydrocarbons was issued on January 13, 2011, and was extended in 2019 by Q1 2031.

Additionally, we should note that ESKO-Pivnich Energy Service Company LLC plans to expand the boundaries of the Klubanivsko-Zubrenkivska field from 102.22 sq.km. to 115.96 sq.km., and build wells No. 7, 8, and 9 at the field in the Kharkiv region.