Ukrnafta's production slightly decreased in August
Ukrnafta's production slightly decreased in August

Based on to the operational data, in August 2020 Ukrnafta produced 125,4 ktonnes of oil and condensate and 92,9 million m3 of gas, which, respectively, is 2.5% and 8.2% less than in the same period in 2019. Average daily hydrocarbon production in August amounted to 4.04 thousand tons of oil and condensate and 2.99 million m3 of gas, slightly less 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 such as transition to new productive horizons, optimization of capital and current repairs of prospective wells, as well as replacement of critically worn-out equipment. In August Ukrnafta completed capital workovers at 10 wells, performed 2 production stimulation operations and brought 9 wells out of inactivity.  

Average daily production rates

August

2020

August

2019

Y-o-y change, %

Production of crude oil and condensate, ktonnes

4,04

4,15

-2,65

Gas production,

mln m3

2,99

3,27

-8,56