Weekly News Digest September 15-21, 2014


Last week Ukrgazdobicha successfully completed testing of the well in Razumovskoe field in Kharkiv region. It opened two production reservoirs; the well flow rate is 35 tons of oil per day. Notwithstanding quite modest reserves opened by the well that amount to only 600 th.tons, the positive trend of increase of Ukrgazdobisha reserves gives us some hopes. Only a week ago the company announced discover of the field in Kharkiv region. In general, September was quite successful month for the company, according
to preliminary estimates there will be a stable production growth third month in a row after a decrease in the first half year.



Ukrainian companies
Naftogaz in court calls on Gazprom to review prices for Ukraine since 2011
Ukrgazdobycha is bringing to a stop some capacities
Ukrgazvydobuvannya discovered a new field in Kharkov region
Ukrgazdobycha discovered two new oil and gas fields on the border of Kharkov and Poltava regions
When taxes are mitigated gas production will grow by 30% - Zlochevskiy
Ukraine reduced oil production by 7.4%
In July Ukrnafta failed to pay of about 570 million UAH into the budget
Ukrgazdobycha discovered new oil sources
Foreign companies
In 2014 Gazprom expects exports in bulk of 157 BCM at $ 350
Shell takes into consideration not only shale gas
In August the selling price for oil in Ukraine increased by 7.8% - up to 10 thousand UAH / t
Gas consumption for 7 months of 2014 decreased by 14.6%, transit - by 11.4%, while imports increased by 18.3%
Ukraine ranks second among the European countries in terms of gas reserves
Politics and the world
Bilous: I have no habit to write bills for the last night
Yatsenyuk: Ukraine will live through the winter without Russian gas