Ukrnafta increased oil production by 4.7% in 2020

Ukrnafta PJSC in 2019 increased the oil and condensate production by 4.7%, to 1.516 million tons and gas production – by 7.5%, to 1.16 billion cubic meters, compared to the last year, the press service of the Company reports.

Reportedly, the average daily production of oil and condensate increased by 4.6%, to 4.15 thousand tons per day, compared to 2018 – 3.97 thousand tons per day. Daily gas production also increased from 2.96 million cubic meters per day to 3.18 million cubic meters per day.

A project on introduction of the remote monitoring of the wells equipped with electric centrifugal pumps is ongoing. In 2019, eighty four wells have been added to the system now covering 196 wells.

In total, last year Ukrnafta carried out seven HF operations, completed CWO in 160 wells, carried out 57 production intensification operations and commissioned 121 wells from the inactive inventory. Due to these measures, additional 173.4 thousand tons of oil and condensate and 138.1 million cubic meters of natural gas were received, the company emphasized.

Deputy Chairman of the Board, Executive Vice President for Production and Processing, Mauritius Kaluhin: “This result is a credit to the entire team. I am always amazed at the ingenuity and innovation that our professionals use to solve issues. For example, I know that money is not enough, but they are still capable to solve the problems they face daily. Due to this, we are able to increase production for two years in a row. At the same time, longterm growth is not possible without an adequate investment. Ukrnafta needs investments of $ 100 million annually. This will allow us investing in promising projects and drilling new wells.”

16:00 / 30 January, 2020

Upcoming events
08:00 / 26 September, 2019
ODESA OFFSHORE CONFERENCE-2019 Ukraine has every chance to resume the work of the most promising oil and gas region, the Southern oil&gas fields. The untapped deposits of oil and gas are located both onshore and subsea. Four companies have already poised to conclude Production Sharing Agreements with Ukraine, whilst bidding for the Dolphin oil&gas fields on Black Sea shelf. The Odesa Offshore Conference (OOC2019) will serve as a venue for Ukrainian and international bidders to meet with local and international drilling, oilfield service and equipment manufacturers to kick-off emerging subsea and onshore projects in Ukraine.
12:00 / 13 June, 2019
08:00 / 23 May, 2019
Carpathian Oil&Gas Conference-2019 The development of oil&gas industry, introduction and implementation of new E&P technologies, stimulation, workovers &recovery of oil&gas wells will be among upstream focal points of the FIRST DAY of COGC2019 - 23 May. The SECOND DAY of Conference will be devoted to midstream, downstream, and trade in hydrocarbons, to spotlight the nowadays dynamics and robust changes in the Ukrainian oil&gas market. The Ukrainian Gas Market day of 24 May 2019 will become a marketplace venue for natural gas traders and natural gas transmission & distribution companies to meet and discuss prospective deals in the UAH 200 billion natural gas market of Ukraine.
Carpathian Oil&Gas Conference-2019
All events