Ukrnafta’s production in August increased
Ukrnafta’s production in August increased

Based on the current data, in August 2019 PJSC Ukrnafta produced 128.3 ktonnes of oil and condensate and 100.9 mln m3 of gas, 4.1% and 6.3% up respectively against the same indicators of August 2018, and 2.0% and 3.9% up against July 2019.

 

Average daily production rates

August 2019

July  2019

Monthly change, %

August 2018

Y-o-y change, %

Production of crude oil and condensate, ktonnes

4.14

4.06

2.0

3.97

4.3

Gas production, mln m3

3.26

3.13

4.1

3.06

6.5

Daily production rates for hydrocarbons and condensate made 4.14 ktonnes and 3.26 mln m3 for gas having increased comparing to the previous month.

Ukrnafta will only be able to ensure further significant increase of production with the increased investments in the infrastructure modernization, production intensification, drilling new wells and obtaining new production licenses. This will become possible once the Government takes the decision on the suggested proposal to settle the outstanding tax debt.