Burisma’s strategy is focused primarily on increasing natural gas production from its proved and probable reserves.
The Company uses international contractors to perform critical tasks such as drilling mud, mud conditioning and cleaning systems, drilling bits, triplex pump drives, logging services, cementing of the production casing, jars, fishing tools, perforation and completion solutions.
The following diagram shows the three main hydrocarbon basins in Ukraine and the principal pipeline/transport infrastructure in the country. Natural gas and oil production began in Ukraine in the 1880s but the three key basins remain only partially explored. This is due to Ukraine’s historical reliance on imports as well as relatively high costs for developing indigenous production due to the physical depth of the gas reserves.