Oil reserves found in the Kharkiv region

During a well test, an industrial oil flow with an average daily rate of 4.9 cbm was found in the Shevchenkovsky district of the Kharkiv region. According to preliminary data, resources are estimated to be approximately 290,000 tons of conditional fuel, as reported on Ukrgazdobycha’s company website.

The oil deposit is about 2100 to 2200 meters deep. A number of other promising layers have been found above the drilled well, which creates an opportunity for further exploration in this area.

The discovery was a result of the re-processing of prospect drilling materials, seismic surveys and three-dimensional constructions using the latest technology in Schlumberger’s Petrel program developed by specialists from Ukrniigaz.

According to Chief Geologist of PJSC Ukrgazdobycha, Mikhail Machuzhak, "our specialists are trying to increase extraction volumes by intensifying exploration work on all potential gas producing fields."

In early April, it was reported that a subsidiary company of Ukrgazdobycha will drill 15 new gas fields this year.

  Ukraine, Oil

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