Ukrnafta's production remains stable
Ukrnafta's production remains stable

According to the operational data, in July 2020 Ukrnafta produced 125,9 ktonnes of oil and condensate and 94,6 million m3 of gas, which, respectively, is 0.6% and 3.4% lower than in the same period in 2019. Average daily hydrocarbon production in July amounted to 4.06 thousand tons of oil and condensate and 3.05 million m3 of gas, slightly lower than in the same period last year.

The Company manages to maintain production levels under conditions of limited investment resources through a number of operations on its existing well stock: transition to new productive horizons, optimization of capital and current repairs of prospective wells, replacement of critically worn-out equipment. In July Ukrnafta completed  capital workovers at 9 wells, performed 2 production stimulation operations and brought 4 wells out of inactivity.  

Average daily production rates

July

2020

July

2019

Y-o-y change, %

Production of crude oil and condensate, ktonnes

4,06

4,09

-0,7

Gas production,

mln m3

3,05

3,16

-3,5