Ukrgasdobycha increased gas extraction by 24.3 mln cubic m in Q1 2016

​In Q1 2016 Ukrgasdobycha increased gas extraction by 24.3 mln cubic m against Q1 2015 to 3 bln 687.1 mln cubic m.

In Q1 2016 gas condensate and oil extraction made up 126.890 thousand tons. In Q1 2016 the company’s enterprises produced 165.076 thousand tons of products, including: 44.874 thousand tons of LNG (103.4%), 108.410 thousand tons of light oil products (127%) and 11.792 thousand tons of mixture of light hydrocarbons (101.7%).

Raw materials processing made up 125.353 thousand tons, volume of operational and exploratory drilling in Q1 2016 – 44,528 m.

In Q2 we expect the price rise for gas of Ukrgasdobycha and that will allow us to start the application of modern technologies of intensification, the chairman O. Prokhorenko said.

It will allow to provide further stabilization and increase of gas extraction. We are optimistic about the 20/20 program realization. I hope Ukrgasdobycha will be issued new sites.