Ukrnaftoburinnya gas production has grown by 25% over six months of 2018

PrJSC MC Ukrnaftoburinnya publishes its production results for six months of 2018.

Over the period from January through June, Ukrnaftoburinnya produced:

233.3 million m3 of natural gas, which is 25% more than during 6 months of 2017.

29.7 kilotons of oil and condensate, exceeding the same figure for 2017 by 42%.

“The positive dynamic of hydrocarbon production was achieved thanks to the launch of two new wells and the capital repair of existing wells. Now we are drilling three more new wells, which allows us to expect a significant increase in production based on the results of 2018,” commented Michael Bakunenko, Chairman of the Executive Board of PrJSC MC Ukrnaftoburinnya.

In general, gas production at the Sakhalin field increased by 35% (+ 85.4 million m3) to 326.5 million m3, and oil and condensate production increased by 46% (+10.8 kilotons) to 34.2 kilotons.

Over six months of this year, Ukrnaftoburinnya paid 1.386 million UAH in taxes to the budgets of all levels.

Reference EXPRO:

PrJSC MC Ukrnaftoburinnya is one of the largest private gas-producing companies in Ukraine. Since 2010, it has been developing the Sakhalin oil and gas condensate field (Krasnokutsky district, Kharkiv region).

The main activity of the company is the production of natural gas, gas condensate, and oil. The company operates twenty-four gas and condensate, and oil and gas wells. As part of the joint operation agreements, it operates ten additional gas condensate wells. In 2017, Ukrnaftoburinnya produced 542 million m3 of gas and 50 ktons of oil and condensate.

12:00 / 16 July, 2018

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