New gas field discovered in Western Ukraine

Lyutnyanske gas field discovered in Zakarpattia / Photo from UNIAN

"We saw a commercially feasible gas flow while drilling and testing of exploration well No2. The daily production rate was at 58,000 cubic meters," said the statement.

It is noted that according to preliminary expert estimates of Ukraine’s Scientific Research Institute of Gas, forecasted gas resources of the deposit amount to 2.4 billion cubic meters.

Read alsoItaly-based Eni discovers supergiant gas field in Mediterranean Sea"The initial gas reserves of the open borehole deposits amounted to 390 million cubic meters," reads the statement.

In order to estimate the reserves of the new gas field, Ukrgazvydobuvannya plans to drill several exploration wells.