Ukrnaftoburinnya Announces Production Results for Nine Months of 2020

Over the period of nine months of 2020, PrJSC MC Ukrnaftoburinnya produced 555.5 million m3 of natural gas, which is 2% higher than during the same period of the previous year (543.2 million m3 ). Oil and gas condensate production decreased by 4% in comparison with 2019 and comprised 62.3 thousand tons vs. 65.1 thousand tons.

Overall gas production at the Sakhalin Field over nine months of 2020 was 646.1 million m3 , while oil and condensate production was 66.3 thousand tons.

During September 2020, gas production of PrJSC MC Ukrnaftoburinnya comprised 57.8 million m3, while oil and condensate production was 6.3 thousand tons, which is 5% and 8% respectively lower in comparison with the same month of 2019.

“Challenging market conditions, aggravated by the COVID-19 pandemic, and resulting forced reduction in investment have certainly affected the dynamics of the company’s performance. We continue to take all necessary steps in such conditions to maintain our production performance. Our company understands its responsibility to our customers since the availability of domestic energy resources is one of the country’s top priorities,” Michael Bakunenko, Chairman of the Executive Board of PrJSC MC Ukrnaftoburinnya, commented upon the results.

16:50 / 25 October 2020

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