Ukrgazvydobuvannya has drilled more than 300 thousand m since the beginning of the year

Ukrgazvydobuvannya JSC (UGV), which is part of the Naftogaz Group, has drilled more than 300 thousand m since the beginning of the year as of November 28, according to ExPro data. This is 40% more than for the whole of last year (215 thousand m), and also more than for the previous three years.

In general, almost 220 thousand m was operational drilling and almost 82 thousand m was exploratory drilling. By the end of the year, the company expects that the volume of drilling will amount to about 330 thousand m.

As reported, in 2023 Ukrgazvydobuvannya plans to drill a record number of wells over the past 20 years – more than 90. The planned output of commercial gas from drilling in 2023 will be a record since independence - more than 1.1 bcm. Ukrgazvydobuvannya will be able to obtain this volume at the end of the year at the expense of drilled wells.

An increase in the volume of drilling has already led to an increase in the volume of gas production. Thus, in 10 months of 2023, Ukrgazvydobuvannya produced more than 11.5 bcm of gross natural gas, 4.1% more than in the same period last year and 1.2% more than in 2021.