13:57 10.01.2018

DTEK Oil & Gas boosts gas production by 1.2% in 2017

1 min read
DTEK Oil & Gas boosts gas production by 1.2% in 2017

DTEK Oil & Gas in 2017 boosted natural gas production by 1.2%, or 0.02 billion cubic meters (bcm), from 2016, to 1.65 bcm, the company's press service reported on Facebook.

"DTEK Oil & Gas produced 1.65 bcm of natural gas in 2017, which was a new record in the company's history and in all private gas production in Ukraine. Despite a relatively moderate pace of development caused by the imperfect regulatory and investment environment, we managed to update the historical maximum due to the high-quality implementation of production projects and the high professionalism of the company's entire personnel," the report said.

Last year, the company drilled well No. 34 and started to drill well No. 25 at the Semyrenkivske field, upgraded the gas processing facility in the Machukhske field, modernized gas metering units at the Olefirivska and Semyrenkivske facilities, and implemented projects for intensification and repairs at the operating wells.

The press service also notes that new infrastructure facilities are to be built and innovative technologies are to be introduced in 2018. The company is also considering the possibility of boosting investment in drilling new wells.

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