Naftogaz will produce its first gas in the shallow part of the Black Sea shelf by the end of 2025
Naftogaz of Ukraine is ready to produce gas and generate profit on the shallow shelf of the Black Sea by 2025, stated Maksym Vityk, director of strategic projects at the Naftogaz Exploration and Production division, at the Ukraine Gas Investment Congress on October 21, 2021.
He hopes that the first well in the shallow part of the shelf will be drilled at the end of 2023, and in deep water – in 2024-2025.
In addition, Mr. Vityk said that about 40% of 3D seismic surveys have already been completed on the shallow part of the Black Sea shelf. These works are commissioned by Naftogaz and performed by the Norwegian company Petroleum Geo-Services (PGS), the total scope of the 3D seismic survey that the contractor should conduct is 23 thousand square kilometres.
He also noted that to achieve results in offshore production, Naftogaz should work in partnership with international companies that have experience in offshore production. And for them to be willing to enter this partnership, it is necessary to provide them with high-quality input material, that is, the results of the surveys the company is currently conducting.
Processing and interpretation of the geological exploration data are planned by the end of 2022, and completion of the offshore project risk assessment is planned by the end of 2023. Recall yesterday Naftogaz signed memoranda of understanding with Dragon Oil (UAE) and Azerbaijani SOCAR AQS. Partnerships with these companies are planned precisely within the framework of the development of the Black Sea shelf areas.
As noted in Naftogaz, Dragon Oil has modern field development technologies that increase production and at the same time reduce costs. The company operates on the Caspian shelf and has invested about 7 billion USD in its development.
And cooperation with SOCAR AQS will technologically strengthen the development of the Black Sea areas. The company has its offshore drilling fleet and has the expertise and technical capabilities to drill in complex areas on land.