Ukrnafta approved new drilling
Ukrnafta approved new drilling

PJSC Ukrnafta approved drilling of two new wells in Lviv and Sumy oblasts. Drilling operations are scheduled to start in August-September this year. The completion time for the new wells is expected between 3 and 4 months.

The planned depth of future well #102 located in Verkhnyomaslovetske field in Lviv oblast is 1,600 m, while the depth of well #119D in Velykobubnivske field in Sumy oblast will reach 2,985 m. The initial daily yields are expected at 17 t of oil per day for well #102, and at 34 t of oil for well #119D.

Ukrnafta’s financial plan for 2018 foresees drilling of four new wells. The implementation of the investment program for the current year, estimated at UAH 3.2 bln, will depend on the ability of the company and the government to find a sustainable solution to its legacy tax debt, as well as on the stable sales of oil and condensate through the system of state-run auctions.

 

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