Over the period of twelve months of 2019, PrJSC MC Ukrnaftoburinnya produced 734.6 million m3 of natural gas, which is 38% higher than during 2018 (533.1 million m3). Oil and gas condensate production grew by 22% in comparison with 2018 and comprised 87.1 thousand tons vs. 71.7 thousand tons.
Overall gas production at the Sakhalin Field in 2019 was 862.1 million m3, while oil and condensate production was 92.7 thousand tons.
During December 2019, gas production of PrJSC MC Ukrnaftoburinnya comprised 71.1 million m3, while oil and condensate production was8.5 thousand tons, which is 29% and 27% respectively higher in comparison with the same month of 2018.
On December 3, the daily production rate of natural gas of UNB was 2.3 million m3, which became an absolute record for the company. In general, the daily production rate of natural gas at the Sakhalin field was 2.6 million m3, reaching its historical maximum A new record of the daily production rate of natural gas was 30% higher than in December 2018 and 90% higher than in December 2017.
Over the span of 2019, the company has completed five new wells and performed a series of workovers aimed at the maintenance of existing wells and production stimulation.
Stable growth of production results is driven by investments into the development of the company, in particular into the new drilling and stimulation technologies, strengthening of geological and technical teams, attraction of international specialists to the team.
According to the results of 2019, PrJSC MC Ukrnaftoburinnya is in the top 3 of private gas production companies in Ukraine. Moreover, the company became one of the top 20 largest companies in Ukraine by the amount of taxes paid over nine months of 2019.
In 2019, PrJSC MC Ukrnaftoburinnya paid over UAH 3.1 billion taxes to the budget. In particular, the total amount of rent paid by PrJSC MC Ukrnaftoburinnya for the use of subsoils and production of oil, gas, and condensate comprised over UAH 1.3 billion. Out of this amount, UAH 69 million was received by local budgets.
Moreover, in 2019 Ukrnaftoburinnya won the government tender for the conclusion of production sharing agreement within the Rusanovska area.
“2019 was the year of our company’s 15thanniversary. It also was an eventful and productive year for our team. We demonstrated a significant increase in production, successfully completed five new wells, achieved new production records while increasing gas production by almost 40% compared to 2018, by almost 90% compared to 2017 and by almost three times compared to 2016. I am grateful to our team of professionals. It effectively proved our ability to be the best in our industry and make a significant contribution to the development of energy independence of Ukraine,” Michael Bakunenko, Chairman of the Executive Board of PrJSC MC Ukrnaftoburinnya commented upon the results of the year.