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Naftogaz increases gas production rate, as USAID pledges 25 mln US dollars to Ukraine aid fund

Over the past month, Naftogaz’s Ukrgasvydobuvannya has launched two production wells at one of the largest natural gas fields in Ukraine, the state-owned energy group announced on Wednesday (26 April).

In total, both wells have added more than 300,000 cubic metres of gas to the company’s daily production.

“We are doing everything we can to increase our own gas production. This field is more than 50 years old, but thanks to new wells we have managed not only to stop the decline in production but also to achieve an increase in production performance. The field still has deposits with high residual potential. To unlock all its potential, Ukrgasvydobuvannya specialists are currently drilling and developing 10 more production wells,” said Oleksiy Chernyshov, CEO of Naftogaz.

Thanks to modern seismic surveys, the field has resumed additional exploration, which makes it possible to increase proven hydrocarbon reserve volumes, Naftogaz said. As a result, five new exploration wells have been designed with the first one already drilled.

“In order to meet the production growth targets set for 2023, we are increasing drilling volumes at the fields where it is justified by geological conditions and technical and economic calculations. I am grateful to my colleagues that find new opportunities to increase production and implement them,” said Oleh Tolmachev, Acting CEO of Ukrgasvydobuvannya.

USAID pledges 25 million US dollars to Ukraine Energy Support Fund

On Monday (24 April), the US Agency for International Development (USAID) announced its intent to provide up to 25 million US dollars to the Energy Community’s Ukraine Energy Support Fund.

USAID’s contribution to the Fund will enable Ukraine to purchase “urgently needed” equipment for the energy and heating sector and prepare for the upcoming winter season, the Energy Community said. The Energy Community and USAID have previously cooperated in procuring energy equipment purchased with donations from the Ukraine aid fund.

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