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OVERVIEW OIL AND GAS January

The increase in natural gas production in January was 3.1% compared to January of the previous year. According to the data of Ukrtransgas, Ukraine’s total enterprises produced in January 1 billion 773.5 million cubic meters of natural gas, which is 53.5 million cubic meters more than in the same month of 2017.


The production index of PJSC Ukrhazvydobuvannya in January also increased by 3.3% compared to January of the previous year and amounted to 1 billion 302.8 million cubic meters of natural gas. The production volume of PJSC Ukrnafta in January decreased by almost 17% to 91 million cubic meters.
Private-sector enterprises increased volumes by more than 8% - 379.7 million cubic meters.
The volume of exploration and production drilling in the first month of the year amounted to 9.6 and 6.8 thousand meters, respectively. At the same time, the index of January 2018 of exploratory drilling is higher than in 2017, of operational drilling - 30% lower.

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