PJSC Ukrgazvydobuvannia plans in 2017 to invest UAH 30 billion in drilling and purchase of new equipment, head of the company Oleh Prokhorenko has said at a press conference in Kyiv.

According to him, it is planned next year to drill about 100 new wells, overhaul 500 existing wells, as well as carry out operations on intensification of production.

Prokhorenko said this would allow in 2017 to increase gas production from 14.6 billion cubic meters to 15.1 billion cubic meters.

As reported, Ukrgazvydobuvannia plans by 2020 to invest $3 billion in purchase and modernization of drilling rigs, as well as attract third-party contractors for work on its fields.

The program includes the purchase of 30 new drilling rigs (by 2020), the modernization of 32 existing ones. In addition, the plan for 2017 is to buy 15 drilling rigs from international contracting companies.