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You're reading: Oil extraction in Ukraine down 6.6% in 7 months

Oil extraction in Ukraine in January-July 2012 fell by 6.6% or by 96,500 tonnes year-on-year, to 1.365 million tonnes, the Energy and Coal Industry Ministry has told Interfax-Ukraine.

Production of gas condensate came to 547,000 tonnes for the period, which was 6% or 31,200 tonnes up year-on-year.

Companies run by National joint-stock company Naftogaz Ukrainy cut
oil production by 5.1% or by 68,600 tonnes, to 1.268 million tonnes, and
gas condensate production grew by 2% or by 9,400 tonnes, to 470,300
tonnes.

This included Ukrnafta, which produced 5.7% less oil, or 1.166
million tonnes, and 14.2% more condensate, or 119,500 tonnes;
Ukrgazvydobuvannia, which produced 1.5% more oil, or 97,000 tonnes and
0.6% less gas condensate, or 313,400 tonnes; and Chornomornaftogaz,
which produced 3% more oil, or 5,200 tonnes and 8.6% less gas
condensate, or 37,400 tonnes.

Other oil and gas extraction companies working in Ukraine produced
22.4% les oil, or a total of 96,650 tonnes, and 39.8% more gas
condensate, or a total of 76,840 tonnes.

The joint venture Poltava Petroleum Company reduced oil and gas
condensate production by 42.7%, to 45,799 tonnes, production at
Ukrkarpatoil Ltd. slipped 1.9%, to 32,061 tonnes, production at
Naftogazvydobuvannia slumped 7.3%, to 18,845 tonnes, production at
Natural Resources fell by 18.1%, to 10,552 tonnes, and production at
Boryslav Oil Company was down by 4.7%, to 6,989 tonnes.

However,
production doubled to 19,980 tonnes at joint venture Kashtan Petroleum
Ltd., and rose 15.6%, to 19,092 tonnes, at Ukrnaftoburinnia. Production
at Regal Petroleum skyrocketed by 25.7 times, to 7,766 tonnes, that for
Cub-Gas LLC soared by 3.8 times, to 5,024 tonnes, production at VKF Dion
LLC grew by 45.4%, to 1,480 tonnes, production at Plast company was up
by 10.4%, to 1,207 tonnes, production at Krymtopenergoservice rose by
25.2%, to 1,204 tonnes and production at astern Geology Union LLC jumped
by 2.1 times, to 1,189 tonnes.

Oil production in Ukraine slumped 6.3%, to 2.409 million tonnes in
2011, and gas condensate production fell 6.4%, to 916,600 tonnes.

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