The state gas company Ukrgazvydobuvannya launches the pilot project of cooperation with oil and gas companies, which have modern technologies of intensification of oil production in Mature and depleted fields. In particular the company offers to enter into a PEC-contracts (production enhancement contract – a Comprehensive increase in the production of gas) on the intensification of production from Mature and depleted fields.
This is stated in the press service of the company.
“This type of contract was not in Ukraine, so the company is a pioneer in this area”, – emphasized in the company.
Contract or several contracts will be concluded for a period of 10 or 15 years with possibility of extension for another 10 years.
In this case the existing deposits of the subsidiary have been evaluated on key indicators (current production, proven reserves, depth, IRR drilling, ratio of production/inventory stocks of liquid hydrocarbons, etc.) and using statistical methods is divided into more or less homogeneous clusters, among which were elected the ones that can be of interest for cooperation.
In 2017, the company increased natural gas production by 4.4%, to 15.3 billion cubic meters.
In January-September 2018, the company increased gas production 0.8% to 11.4 billion cubic meters.
By 2020 the company plans to achieve annual gas production of 20 billion cubic meters.