Milkivske is a producing conventional oil field located onshore Ukraine and is operated by Ukrnafta. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Milkivske. Buy the profile here.
Field participation details
The field is owned by Naftogaz of Ukraine.
Production from Milkivske
The Milkivske conventional oil field recovered 72.66% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 0.42 thousand bpd of crude oil and condensate and 6.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049.
Remaining recoverable reserves
The field is expected to recover 0.85 Mmboe, comprised of 5.07 bcf of natural gas reserves.
Ukrnafta (Ukrnafta) is an oil and natural gas extracting company. It carries out in the sale of liquefied petroleum gas (LPG) and light fraction. Ukrnafta owns drilling divisions. The company’s extraction takes place into two forms: Oil and Gas. The company owns a regional production unit which includes Okhtyrkanaftogaz, Chernigovneftegaz, Poltavanaftogaz, Dolynanaftogas, Nadvirnanaftogaz, and Boryslavnaftogaz; gas processing plants which includes Gnidyntsi, Kachanivka, and Dolyna; drilling Units including Okhtyrka, Prykarpattia and Pryluky; and a large number of other oilfield units. Ukrnafta is headquartered in Kyiv, Ukraine.
For more details on the Milkivske Conventional Oil Field, buy the profile here.