The National Joint Stock Company Naftogaz of Ukraine is securing a €36.4 million loan from the European Bank for Reconstruction and Development (EBRD) to upgrade the drilling equipment of Ukrgasvydobuvannya.
This was announced by the company’s CEO, Serhii Koretskyi.
The funds will be used to purchase new mobile drilling rigs, which are utilized for major well repairs.
“Updating the fleet will allow us to work with deeper and more complex wells and restore gas production at existing fields more quickly. This will help provide the country with a critically important resource,” Koretskyi stated.
The Naftogaz press service noted that currently most of the rigs used for major well repairs in the Ukrgasvydobuvannya fleet are light, with a lifting capacity of up to 80 tons.
At the same time, a significant portion of wells require equipment with a 180-ton capacity, which the company does not currently have. With this loan, the company will be able to purchase drilling rigs with lifting capacities of 125 and 180 tons.
