In accordance with the current data, Ukrgasvydobuvannya’s production volume in January-October 2018 reached 12.792 billion cubic meters of natural gas, which allowed covering production decrease of approx. 800 million cubic meters and exceeding the indicator for the same period of the previous year by 133 million cubic meters.
In October, Ukrgasvydobuvannya reached the average production per day 43.5 million cubic meters, that is maximum for the last nine years, and almost 1 million cubic meters more than the actual performance for the same period in 2017.
This result was achieved due to maximization of efforts in all operation areas, namely, by increasing number of activities in production stimulation. In addition, since the beginning of this year, 80 wells have been drilled and 55 new wells have been put into operation.
Ukrgasvydobuvannya effectively use the available hydrocarbon resource portfolio, but the majority of fields which produce 95 % of gas, are exhausted by 70 %. But the issue of development of new resource portfolio is unsolved yet.
It is worth mentioning that Ukrgasvydobuvannya supports the decision of the Government and activity of the State Service of Geology and Subsoil of Ukraine concerning conducting transparent oil and gas auctions. And, as a result, Ukrgasvydobuvannya has already won their first oil and gas auction, having obtained the special permit for subsoil use of the Lypovetsky field. However, in order to implement the Program 20/20 and to gain energy independence, UGV should get approx. 20 special permits for new fields annually.