18.06.2021

Gas production since the beginning of the year – 8 946 774 thcm

Weighted average price of natural gas (resource of June) – 7 200 UAH/thcm excluding VAT (100% prepayment terms)

TTF – 28.28 EUR/MWh ($356)

NCG – 28.26 EUR/MWh ($356)

GPL – 28.25 EUR/MWh ($356)

CEGH – 28.42 EUR/MWh ($358)

Burisma Group to drill 15 wells in 2020

17/02/20

This year, it plans to drill 15 new wells at the Karaykozivske, Vodianivske and Rakytnianske fields, at the Zhuravlyna structure of Derkachivsko-Voitenivska area, Klubanivsko-Zubrenkivska area and other fields.

Currently, boring operations are underway at 4 wells. In addition, stimulation and capital repair works are going on at 4 wells, and preparations for drilling – at 3 wells.

The Burisma Group is drilling its wells with new advanced equipment which was expanded last year with Italian Drillmec drilling machines.

“The new machines are more efficient and convenient, and their use has a positive impact on drilling results,” explains Karina Zlochevska, Member of the Board of Directors at Burisma Group.

According to her, Burisma Group is continuously investing in innovative technologies. Today, it owns 20 drilling machines with capacity ranging from 112 to 680 tons, including the SK 3000 worth UAH 1 billion – the largest land machine in Eastern and Central Europe.

Moreover, Burisma Group operates the country’s largest hydraulic fracturing fleet consisting of 15 pumps with a total capacity of 25,000 horsepower, it has its own NOV Hydra Rig coil-tubing fleet and owns more than 200 units of special-purpose equipment.

In addition to drilling, Burisma Group is actively investing in the ground infrastructure. In particular, in 2020, the group plans to build new gas pipelines and facilities for propane cooling of natural gas, reconstruct its Complex gas treatment unit, continue the construction project of a condensate stabilization unit and a plant for deep extraction of propane-butane mixture

“Despite the unfavorable market environment, the overall strategy of Burisma Group remains unchanged – we continue to invest in exploration and development of new sites in order to increase hydrocarbon production in the country. Our strategy contributes to strengthening energy independence and energy security of Ukraine,” Karina Zlochevska said.

Source: https://bit.ly/2T0rFSO

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