Burisma Speaks at II Ukrainian Gas Investment Forum and Shares Well Completion Results

March 27, 2017

International Energy Group Burisma has participated in the II Ukrainian Gas Investment Forum that took place in Kiev, Ukraine on March 23, 2017. The relevance of the Forum is due to the ongoing development and growth of the gas market of Ukraine, that’s why the key topics of the event included strategy of gas production development in the context of energy security of Ukraine, recent reforms, and their effects, changes in legislation and the benefits they offer for Ukrainian companies and international partners, key aspects of the production and sale of gas in Ukraine, investment opportunities and financing of the sector.

“We strive to make Burisma’s work visible and set a benchmark for the State and domestic market players. The Group is continuously investing in the development of new wells and contributing to Ukraine’s energy independence”, noted Advisor to the Board of Directors at Burisma Group Vadym Pozharskyi.

According to him, in 2017, Burisma Group has already put one new well into operation. It is a directional well 2900 m deep with a complex profile at the Proletarske field.  Drilling was completed in less than 40 days, and today it is already producing gas. In total, Burisma is going to drill another 20 wells by the end of the year. At the same time, four new wells with a depth exceeding 5000 m are already being drilled. 

Burisma laid a foundation for its dynamic development in Ukraine, having planned an  investment program exceeding UAH 3 billion and production output of about 1.8 bcm for 2017.

For more detailed information please contact our press-center: media@burisma.com

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