Ukrnaftoburinnya Spudded a New Well

In September, Ukrnaftoburinnya spudded well No. 24 at the Sakhalin field. The designed depth of the well is 4,500 m, and well completion is planned for the end of 2018. Drilling contractor "Ukrburservis" company (Poltava city).

This is the fifth new well since the beginning of the year, the drilling of which was planned by the capital investment program in 2018.

“We continue to systematically implement the drilling program planned for 2018. Until the end of December, we plan to spud another new well. Due to this, 2018 will be a record year for the company by many criteria — the volume of drilling, production, capital investments, amount of taxes paid to budgets of all levels” – Chairman of the Executive Board, Michael Bakunenko.

Reference: PrJSC MC Ukrnaftoburinnya is one of the largest private gas production 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 25 gas and condensate and oil and gas wells. As part of the joint operation agreements, it operates ten additional gas condensate wells. In 2017, 542 million m3 of gas and 50 kilotons of oil and condensate were produced at the Sakhalin field.

15:56 / 13 September, 2018

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