Ukrnafta continued to increase production in May
Ukrnafta continued to increase production in May

In May 2019, PJSC Ukrnafta produced 130.7 ktonnes of oil and condensate and 98.4 mln m3 of gas, 8.5% and 10.4% up respectively against the same indicators of May 2018. The oil and condensate production increased by 3.9% and gas production grew up by 4.6% as well against April 2018. Daily production rates made up 4.2 ktonnes/day for oil and condensate and 3.2 mln m3/day for gas.

 

May 2019

April 2019

Monthly change, %

May 2018

Y-o-y change, %

Production of crude oil and condensate, ktonnes

130.7

125.8

3.9

120.5

8.5

Gas production, mln m3

98.4

94.1

4.6

89.1

10.4

Despite the restricted investments because of the unsolved issue of the outstanding tax debt and work on the exhausted wells, the company continues to increase oil and gas production by working efficiently on the existing wells. In particular, the capital workovers on five wells only in Rybalskiy, Anastasivskiy, Novohryhorivskiy and Strutynskiy fields and optimization of production on wells in Buhruvativskiy, Verkhnyomaslovetskiy, Hlynsko-Rozbyshivskiy and Dolynskiy fields resulted complementary 145 t/day of oil. The technical measures on wells of Hlynsko-Rozbyshivskiy and Lypovodolynskiy fields increased daily gas production rate by 60,000 m3/day.