Burisma Group To Restore Operation Of Four Wells Soon

13 May 2020

Burisma Group is performing stimulation and total overhaul on 4 wells of Vodianivske, Makiivske, and Rakytnianske gas and condensate deposits. The works are carried out using modern technologies and materials.

“To ensure the utmost efficiency of those efforts we are using modern high-performance technologies and materials, as well as implementing unique technical solutions at the stage of perforation and trials,” says Taras Burdeinyi, CEO of Burisma Group.

In the nearest future, Burisma Group also plans to start general overhaul of the seven leased wells which used to belong to the assets of state-owned companies and had been in conservation for over 60 years. The expected initial gas production rate of each of these wells can amount to 15 thousand cubic meters.

To recap, in March, Burisma Group started recovery works on the first three wells at the Dubrivsko-Radchenkivska oil and gas area. This oil and gas site with the area of 65.4 sq. km. was purchased by Burisma Group during the first online auction held by the State Service of Geology and Subsoil of Ukraine for UAH 25.1 million, initial price of the lot being UAH 17.5 million.

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