Ukrnafta started drilling a new well on Verkhnyomaslovetskyi fieldOn June 24, PJSC Ukrnafta started drilling a new well on Verkhnyomaslovetskyi field in Lviv oblast. The planned depth of the future directional well #102 is roughly 1,500 m with deviation of 185 m, while the initial daily production is envisaged at the level of 27 t/day. Well #102 is expected to open access to oil deposits of lower menilite beds. As of July 4, Ukrnafta has drilled 318 m already. The end of drilling is scheduled for the middle of August. The specialist of Ukrnafta Drilling provided drilling of a new well with a help of companies-contractors by use of a drilling rig Uralmash-3D. Mavriky Kalugin, a Member of the Executive Board, Executive Vice President for Upstream of Ukrnafta, commented: “I am glad we`ve resumed drilling and are moving in the right direction. It’s a small step, though. To make a significant change in our production growth we need to drill at least 10 new oil and gas wells per year, spending approximately UAH 800-900 mln per year. Meanwhile, we continue to work on the existing wells with minimal investments.” Ukrnafta’s financial plan for 2019 envisages drilling of three new wells by the total investment program, estimated at UAH 2.9 bln. Nevertheless, the fulfillment of the program depends on the solution of the problem of the legacy tax debt, as well as on the stable sales of oil and condensate through the system of state-run auctions. Note to editors: Ukrnafta is the largest oil company in Ukraine. The company’s share in the nation’s oil and gas condensate production in 2018 is 63.6%, while the share in total gas production is 5.5%. There are 28 own drilling rigs on the balance sheet of the company, 1928 oil and 165 gas wells, and 537 filling stations that cover every region of Ukraine. The company is 50%+1 share owned by Naftogaz of Ukraine, a fully state-owned holding company.
11:35 / 5 July, 2019
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.