According to the results of 2021, PrJSC MC Ukrnaftoburinnya retained its leading position in the private hydrocarbon production in Ukraine, ranking 2nd among the TOP-3 companies in terms of gas and oil/condensate production.
For 12 months of 2021, UNB demonstrated the following results:
- PrJSC MC Ukrnaftoburinnya produced 691.3 million m3 of natural gas and 76.6 thousand tonnes of oil/condensate. In total, gas production at the Sakhalin field amounted to 789.5 million m3 and oil/condensate production was 80.8 thousand tonnes.
|Gas, million m3||Gas, million m3||%||Oil/condensate, thousand tonnes||Oil/condensate, thousand tonnes||%|
- Thus, production of UNB figures were slightly down year-on-year (gas - by 5%, oil/condensate - by 6%), primarily due to the forced reduction of the capital investment programme and the abandonment of drilling in the crisis year of 2020, as well as the natural decline in well production rates at the Sakhalin field as it is gradually depleted.
- In 2021, the company resumed its drilling programme and in April successfully completed a new well No. 22 with a depth of 4,565 metres. The initial daily production rate of the well was 280 thousand m3 of natural gas and 30 tonnes of condensate. UNB continues to implement investment projects aimed at further efficient development of the Sakhalin field and plans to drill another well to be commissioned in the first half of 2022.
- In 2021, the company completed workovers of nine wells. At well No. 54, the well was converted from gas-lift to pumping operations with a submersible rod pump run to a depth of 3,251 m, which is the deepest submersible pump run in Ukraine. Moreover, the company launched a large-scale investment project to build a booster compressor station at the Sakhalin field.
The company has fully met all its statutory financial obligations to the state and partners. The amount of rent paid by UNB in 2021 for the use of subsoil for the production of oil, natural gas and gas condensate was about UAH 2 billion. In particular, UAH 97.5 million was transferred to local budgets.
- Over the next two years, UNB plans to increase its resource base and expand the geography of production in Ukraine beyond the Sakhalin field.
"2021 was a busy year for the company - we resumed projects that were postponed in 2020 due to the crisis in the industry, successfully drilled and completed a new well and started preparations for drilling the next one, implemented a number of well workover projects, modernised the Sakhalin field infrastructure, and started implementing a project to build a booster compressor station. My team and I have very ambitious plans for 2022, aimed not only at maintaining production at the Sakhalin field but also at finding new investment opportunities outside of it. Of course, the implementation of these plans will largely depend on the mechanisms used by the government to combat the energy crisis in the country and how they will affect private gas producers. We look forward to constructive solutions that will maintain the upward trend in private gas production in the country and its further movement towards energy independence,"
commented Mykhailo Bakunenko, Chairman of the Board of PrJSC MC Ukrnaftoburinnya.