22-28.04.2019

On Thursday, Yuri Vitrenko, the head of the Supervisory Board of Ukrnafta PJSC, reported that last year’s company's profit was approximately UAH 6 billion 200 million. According to him, Naftogaz’s preference is to send profits to pay off the existing tax debt.
However, at the moment there is no basic standard for the share profit contribution to the state budget. Thus, Ukrnafta’s profit remained undistributed. The government is expected to approve the basic standard in the near future and next time this issue will be reviewed again.
Yuri Vitrenko also noted that the composition of the Supervisory Board of Ukrnafta has already been fully formed.
Ukrgazvydobuvannya proceeded to operations with its own hydraulic fracturing fleet at the end of the first quarter. From the beginning of the year, following the commissioning of its own fleet and with the involvement of the service companies Belorusneft and TacromServices S.R.L., 60 fracturing operations were performed, which is 4 times more than during the same period last year.
In 2019, the effect of these 60 operations will be about 360 MMCM of additional gas volume. According to the company, the launch of the new fleet will also create new jobs.
This week, the attention of the energy market was focused on the shutdown of the export of petroleum products to Ukraine from Belarus. In this regard, Sergey Fedorenko, commercial director of Ukrgazvydobuvannya, stated that in April-May, Shebelinka gas processing plant is ready to offer the Ukrainian market additional 15-20 thousand tons of light petroleum products.

15-21.04.2019

Poltava Petroleum Company summed up production results of 2019 Q1. Growth in average daily production of the company amounted to 35.1% compared to last year’s Q4. Natural gas production for the first three months of 2019 totals 63.796 m3 of gas and 9.412 thousand tons of condensate and oil. The company notes that the greatest effect was achieved thanks to the sidetracking of the well at the Ignatovskoe field. The company also completed the drilling of a well at the West-Mashevskoe field in the first three months of this year.
The head of the board of Naftogaz of Ukraine NJSC Andrey Kobolev reported on his Facebook page with reference to the ICIS news agency Ukrtransgaz’s opening of gas exports from Ukraine to Hungary. The operation was carried out by TASEnergy, which in January already tested the possibility of selling gas from a virtual point in Ukraine towards Slovakia.
Let us note that the volume of the above gas sale in the direction of Hungary was 1 MW*h. The Association of Gas Traders of Ukraine continues a public dialogue on the transfer of payments for natural gas in energy units.
Gas transit via the Ukrainian GTS sharply increased this week. The reason for that was the repair of the Yamal-Europe gas pipeline. Transit volumes grew by 60 MMCM and are now approximately 300 MMCM. Thus, the Ukrainian gas transmission system again demonstrated the flexibility and considerable reserve of transport capacity.
Ukrnafta PJSC completed the construction of an automated separation complex. The complex is designed to separate and pump out oil- and gas-water based mixture coming from the wells of the Dolinskoe and partially North-Dolinskoe fields. The complex makes it possible to reduce the loss of light hydrocarbon fractions and improve accounting.

08-14.04.2019

BurismaGroup started drilling a new directional well. The project depth of the facility is 6,200 m at the Vodyanovskoe field in the Kharkiv region. Drilling is carried out by the ServiceKingManufacturing SK 3000 drilling rig. Also, according to BurismaGroup CEO Taras Burdeiny, the company intends to drill four more wells in Kharkiv and Dnipropetrovsk regions.
The government made a decision to provide a PSA competition for the Delphin site. Its area is 9.5 thousand square km, minimum commitments include an investment of USD 56 million and drilling at least 5 wells. Potential participants should submit applications before June 12, 2019.
This week, Ukrgazvydobuvannya reported changing the conditions of previously announced PEC contracts. The changes affected the criteria for pre-qualification of participants, the number of clusters of deposits and the timing of the project. Accreditation of participants and the provision of certificates continue until April 19, 2019, 17:00, by sending a request to: pec@ugv.com.ua, a round table will be held on April 24 at the press center of Ukrgazvydobuvannya for participants concerned.
New oil and gas auctions are scheduled for May 2 and June 18. May auctions, in particular, will cover such areas in the Kharkiv region as the North-Efremovskaya area with a starting price of UAH 11.7 million and Dobrenskaya area with a starting price of UAH 6.3 million. Four more oil and gas areas in the Kharkiv region will be auctioned on June 18. The total cost of the six sites offered for auction is UAH 53 million.
Five more oil and gas areas are located in the Carpathian region and will be put up for sale on June 18. Their starting price is UAH 50 million.
Nefteburenie PrJSC summed up the results of the first quarter of the current year. In just three months, the company produced 166 MMCM of natural gas, which is 50% more than during the same period last year. Oil and gas condensate production increased by 49% compared to the first quarter of 2018.

01-07.04.2019

DTEK Neftegaz talked about the start of a new deep drilling program at the Machukhskoe field in the Poltava region. In March, the company started drilling of well No. 53 with a design depth of 5,850 m. Well No. 53 is being drilled by Belorusneft using a Bentec machine with a lifting capacity of 450 tons and a TopDrive TD-500-HT top drive system. Such international service companies as Schlumberger, Voestalpine (Austria), Endevour, DrillLab are involved in operations.
According to the Gas Producers Association of Ukraine, in Q1 2019 in Ukraine, gas production increased by 3.4% compared to the same period last year. Private companies increased production by 3.8%. Ukrgazvydobuvannya JSC increased production by 2.8%, Ukrnafta PJSC - by 10.7%.
It also became known this week that Naftogaz Group involved USD 1 billion of Chinese investment. The funds will be used to purchase drilling rigs, drilling and other production needs of the company.
Private companies continue to report new peak daily flow rates. Thus, Ukrnefteburenie PrJSC reached daily production in the volume of 2.1 MMCM. This figure is 67% higher than in April last year. In general, at the Sakhalinskoe field the company reached a historic maximum of natural gas production - 2.5 MMCM.
RegalPetroleum, in turn, in Q1 2019 increased the average daily hydrocarbon production in the Poltava region by 51.4% and by 69% in the Kharkiv region.
Nadra of Ukraine and Schlumberger Services Ukraine LLC outlined cooperation areas. In particular, it comes to cooperation of companies in the provision of technical services, data and workflow management, processing and acquisition of seismic data, logging studies, as well as cooperation in the field of PSA.