Ukrnafta gets daily flow rate of over 60,000 cubic meters of gas following well workover

MOSCOW. Nov 29 (Interfax) - Ukrnafta has completed a well workover at a depth of more than 4,000 meters and obtained a daily flow of more than 60,000 cubic meters of gas and 40 tonnes of condensate, Ukrainian media quoted company head Sergei Koretsky as saying on social media.

He said the purpose of the workover at the field in eastern Ukraine as to perform follow-up exploration.

Company specialists completed a range of geophysical work to clarify the current saturation of reservoir beds. Following the study, a perforation job was carried out at a depth of 4.393-4.396 meters to connect the well with the production horizon. The deposit that was tapped has an area of 3.8 square km with a pay zone up to 3.6 meters wide.

"The well was put into pilot production to obtain additional data about a deposit containing prospected reserves. In time, these reserves can be categorized as commercial. The successful well workover has increased hydrocarbon production and reaffirmed the importance of follow-up exploration at existing fields," Koretsky said.

Support was provided and work carried out by specialists from departments concerned with oil and gas field development and geological study, the Poltavanaftogaz oil and gas production directorate and the Ukrnafta-Drilling division.

Ukrnafta plans to start drilling nine new wells in 2023 and 30 in 2024, reports have said. It has the strategic goal of doubling oil and natural gas production by 2027, to 3 million tonnes and 2 billion cubic meters respectively. Ukrnafta plans to increase oil production 4% to 1.405 million tonnes and in 2023.

Ukrnafta is Ukraine's biggest oil producer. It has a national network of 537 filling stations, of which 456 are operating.

The biggest shareholder is Naftogaz with 50% plus one share. The Headquarters of the Supreme Commander-in-Chief ruled on November 5 to expropriate Ukrnafta shares owned by private shareholders.