Page 75 - UKRRptSept23

months.According to the Warsaw Stock Exchange, the Orlen company sold $513M in products to Ukrainian companies. In the second quarter of this year, compared to last year's corresponding period, sales in Ukraine decreased by 8.2% to $234.2M. It is also indicated that Orlen directly increased sales to Ukraine in the year's first half to $280.5M. In total, the sales of the Polish company in the first half of the year jumped by 79.1% to $41.4B. Since February 2023, after the expiration of the contract with Rosneft, the supply of Russian oil covered only about 10% of the company's need for this raw material. "These were only pipeline supplies for which no international sanctions were imposed," the company said. At the end of February 2023, the Russian side suspended the supply of raw materials through the Druzhba pipeline to Poland, which led to the termination of the last contract with Tatnafta for the pipeline supply of oil to Poland.
Ukrgasvydobuvannya, a subsidiary of Ukraine’s national gas company Naftogaz Group, has successfully initiated operations on two high-rate wells, contributing a collective gas flow of 430,000 cubic metres (tcm) per day, the company said in a press release on August 16.
Ukraine has been trying to boost its own domestic production of around 20bcm a year of gas to make the country more self dependent and is actively exploring potential new gas fields, despite the war in the east of the country.
Ukrgasvydobuvannya has effectively brought more high-performance wells online, the company said in the press release.
“The achievement was underscored by Naftogaz CEO Oleksiy Chernyshov, who highlighted the incorporation of cutting-edge geological methodologies, advanced field development strategies, heightened drilling efficiency, and intricate stimulation techniques in rejuvenating older assets,” the company said.
The inaugural well, an exploration initiative, boasts a depth of 5,850 metres. This field was initially discovered four decades ago. Notably, based on findings from 3D seismic surveys, geologists opted for extended exploration, which led to the identification of fresh and promising drilling prospects.
Conversely, the second well has a history dating back 55 years. Suffering from substantial depletion, production rates at this location had undergone a swift decline in recent years. Yet, this downward trajectory was arrested through an augmented drilling program, coupled with the commissioning of seven new production wells within the past year. This strategic shift propelled a transition from production decline to marked production growth, as highlighted by the Interim Director General of JSC Ukrgasvydobuvannya, Oleh Tolmachev.
Both well initiatives were carried out by company experts without external intervention. The drilling procedure was managed by specialists from "Ukrburgaz," while the multi-stage hydraulic fracturing operation was executed by UGV-Service specialists.
State company Naftogaz plans to modernize gas production in Ukraine.
To optimize natural gas development, the company will rely on the US' experience, writesNI. The publication notes that Ukraine can become an energy-independent country in six years if it invests $20B in oil and gas production, pipeline infrastructure, and processing. Naftogaz has long been
75 UKRAINE Country Report September 2023 www.intellinews.com