Ukrnafta increased production in February
Ukrnafta increased production in February

In February 2019, PJSC Ukrnafta produced 118.4 ktonnes of oil and condensate and nearly 90.6 mln m3 of gas, 8.4% and 10.9% up respectively against the same indicators of February 2018. Daily production rates increased similarly up to 4.2 ktonnes/day for oil and condensate and 3.2 mln m3/day for gas.

At the same time, the production grew up in February comparing to the January results. The daily production rate for oil and condensate increased by 2.2% and for gas – by 1.3%.

 

February 2019

February 2018

Y-o-y change, %

Production of crude oil and condensate, ktonnes

118.4

109.2

8.4

Gas production, mln m3

90.6

81.7

10.9

The company continues to increase oil and gas production under conditions of restricted investments by working over only the existing wells and optimizing operational efficiency.  Seasonal challenges are expected to impact production growth in the next month. Meanwhile, the resolution of the historic tax debt will open new opportunities for increased investments and, consequently, increased production.  

February production exceeded the planned production volume as well. Oil production grew by 6.9% against February plan (110.7 ktonnes), while the gas production is 7.6% up against February plan (84.2 mln m3).