Ukrnaftoburinnya increased gas sales more than two times
In the first six months of 2018, Ukrnaftoburinnya increased its gas sales by 111% to 719 Mm3, compared to 340 Mm3 in January–June of 2017.
Liquid hydrocarbon sales reached a record 34 kilotons, which is 55% more than last year’s figure, which was 22 kilotons.
In April 2018, the company set a record for gas sales—168 Mm3.
As previously reported in the EXPRO Gas & Oil Weekly, Ukrnaftoburinnya, besides its own gas, imported gas from Europe. In January-June, 148.14 million cubic meters of gas were cleared from three directions - Poland, Hungary and Slovakia. UNB buys a resource in Dufenergy (32.4%), DXT Commodites (21%), Magyar Foldgazkereskedo, AOT Energy, Uniper.
Michael Bakunenko, Chairman of the Executive Board of PrJSC MC Ukrnaftoburinnya says, that thanks to such resource
base, Ukrnaftoburinnya has established itself as a reliable supplier of natural gas, which
always fulfills its obligations to customers.
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 Mm3 of gas and 50 ktons of oil and condensate.
By results of 6 months in 2018, gas production was 233.3 Mm3 (+ 25% compared to January-June 2017) and 29.7 thousand tons of oil and condensate (+ 42%).