Ukrnafta has increased its oil reserves by 3 million tons and over 600 million cubic meters of gas by expanding the boundaries of existing special production permits in western Ukraine, the company's press service reports, according to UNN.
The company's press service reported that Ukrnafta was able to increase its oil and gas reserves due to the expansion of special production permits in the west of the country.
Following the expansion, the first area now covers 0.93 square kilometers, which is 50% more than the previous size of 0.62 square kilometers. As a result, the total reserves increased by 221 thousand tons of oil and 19 million cubic meters of gas.
The size of the second area increased by 32.62% to 8.7 square kilometers, which led to an increase in total reserves by 836 thousand tons of oil and 402 million cubic meters of gas.
The third special permit was increased by 36.14% and now covers 7.12 square kilometers. The increase in the area of the special permit allowed to increase the total reserves by more than 1.9 million tons of oil and 205 million cubic meters of gas dissolved in oil.
The reason for expanding the boundaries of the special permits is to bring their size in line with the contours of productive deposits. The relevant orders of the State Service of Geology and Mineral Resources of Ukraine have already been received
Recall
In 2023, Ukrnafta produced 1.4099 mln tons of oil, which is 3% more than in 2022, and 1.0974 bcm of gas, which is 6% more than in the previous year.