New oilfield discovered in Kharkiv region

An industrial-scale non-gushing oil flow of 4.9 cubic meters a day has been revealed during exploration of the wells of the Olyvynivska structure, which is located on the territory of the Shevchenko district of Kharkiv region, the press service of Ukrgazvydobuvannia said.
Oil deposits are reported at depths between 2,100 to 2,200 meters. According to preliminary data, the volumes available are estimated at 290,000 tonnes of conventional fuel.
The drilled well has identified a number of potential reservoirs above the section, which opens up prospects for further exploration on this site.
It is noted that the discovery was the result of reprocessing of materials of exploratory drilling, seismic exploration, and three-dimensional construction.
Chief geologist of PJSC Ukrgazvydobuvannia Mykhailo Machuzhak said that ”trying to increase production volumes, experts are stepping up exploration in all the potential oil and gas bearing areas.”

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