PrJSC MC Ukrnaftoburinnya published its production results for Q1 of 2109:

Gas production for Q1 of 2019 amounted to 166 million m3, which is 50% more than in Q1 of 2018 and 74% more than in the same period of 2017.

Oil and condensate production increased by 49% compared to Q1 of 2018 and by 102% compared to Q1 of 2017, amounting to 21 ktons of oil and condensate.

In general, gas production at the Sakhalin Field increased by 29% (+45 million m3) to 205 million m3, and condensate production increased by 37% (+6 ktons) to 22 ktons.

“Production growth was achieved thanks to significant investments in exploratory drilling in 2018. Wells that were completed last year opened a range of new deposits, and their potential turned out to be a bit better than we had expected. But the company moves forward and beyond. We continue to perform deep drilling, implementing the plans stipulated in the production program of 2019,” commented Vladimir Novikov, Head of the Geology Department of PrJSC MC Ukrnaftoburinnya.