Ukraine to expand drilling rig fleet on Black Sea.

By bne IntelliNews September 7, 2012
Ukraine intends to expand the number of drilling rigs on the Black Sea shelf from two to five, Energy and Coal Industry Minister Yurii Boiko announced. In addition to the Petro Godovanets drilling rig, the Chornomornaftohaz state enterprise based in Simferopol will receive another rig on November 1. There will be five drilling rigs to operate on 18 gas fields on the shelf. Moreover, another gas field was brought online in the Poltava region. It holds around 8bn m3 gas reserves. Chornomornaftohaz says this year drilling six new wells will produce an additional 155mn m3 of gas and by 2015 the company will increase its annual production from 1.1bn to 3bn m3 against the 41bn m3 that the country currently imports from Russia. Notably, PM Mykola Azarov, stated that the government is planning to pay particular attention to the development of projects to increase the production of Ukrainian gas, which is a priority on the road to energy independence.

Related Articles

Metro Ukraine raises sales by 11% y/y to EUR 877mn in 2012.

In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more

NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more

EC makes new recommendations for Ukraine.

The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335