Burisma Group Puts Into Operation the Most Powerful Drilling Rig in Ukraine

Burisma Group , an international energy group with assets in Ukraine, purchased a US drilling rig SK 3000 with load capacity of 680 tonnes. The 3000 HP drilling rig, produced by Service King Manufacturing, Inc., was brought into operation in May 2017 at the well № 6 of the Vodyanovske field (Kharkiv region). Burisma Group is the first company to introduce such a powerful rig in Ukraine and Eastern Europe, able to drill 10 000 m deep wells. The SK 3000 was fully equipped in the US and adjusted to operate in Ukrainian conditions.

The purchase price of SK 3000 was around UAH 1 bln and the relevant customs duties transferred by Burisma Group to the state budget amounted to UAH 200 mln. According to Burisma’s corporate “Billion Strategy”, in 2017, the Group intends to invest more than UAH 3 bln with an aim to further develop and enhance the effectiveness of hydrocarbons production.

“For the current year, Burisma Group set an ambitious goal – to drill 20 new wells. This will allow Burisma to increase domestic gas output and strengthen Ukraine’s energy security. Burisma provides the country with new technology and innovative oil & gas equipment. Such equipment is serviced by foreign specialists that share their valuable experience with Ukrainian gas producers”, noted CEO for Ukrainian Operations at Burisma Group Taras Burdeinyi.

Service King Manufacturing, Inc.  is one of the leading manufacturers of mobile drilling rigs in the US. The company owns 7 factories that produce the whole range of components for drilling equipment, including brake bands and pads, masts, draw-works and carriage parts. Service King holds the largest machine shop for maintenance and repair of drilling rigs in the US. Burisma Group is the exclusive representative of Service King Manufacturing, Inc. in Ukraine.

BURISMA GROUP is the largest independent natural gas producer in Ukraine. It is a vertically integrated holding company engaged in the exploration, production, service, and sale of hydrocarbons.  Burisma operates the largest modern rig fleet and hydraulic fracking fleet as well as seismic equipment in Ukraine and across the region. Founded in 2002, Burisma is a market leader with annual  natural gas production more than 1 BCM and over 30% market share. Burisma is striving to become an active market player across Europe, as well as worldwide, and to stand out by virtue of its values and experience. Burisma is seeking to strengthen its role in the field of global energy development, with an emphasis on exploiting new technology.

#EnergySecurityUkraine