Ukrnaftoburinnia increases daily gas production rate to 1.4 mcm thanks to new well

14:13, 20.09.2017 1 min read

Private joint-stock company Ukrnaftoburinnia, the co-owners of which are Ihor Kolomoisky and Vitaliy Khomutynnik, has increased its daily gas production rate to 1.35 million cubic meters (mcm) thanks to well No. 38 on the Sakhalynske oil and gas condensate field (Kharkiv region), the company's press service has reported.

"On September 13, after developing well No. 38 of the Sakhalynske field daily production rate of this well was 400,000 mcm of gas. Average gas production rate for the entire company was 1.35 mcm, which is a record breaking figure for the company," the press service said.

Well No. 38 of 5,344 meters deep was drilled in 175 days. The company intends to drill three or four more wells by the end of this year.

Ukrnaftoburinnia is a large private gas company in Ukraine. Since 2010, the company has been developing the Sakhalynske oil and gas condensate field. The company operates 22 gas condensate and oil wells. Under product sharing agreements the company operates additional 10 gas condensate wells.