KYIV, April 12 – One of the largest private gas production companies in Ukraine – private Ukrnaftoburinnia in January-March 2019 saw a 50% rise in gas production year-over-year, to 166 million cubic meters (mcm), and a 49% rise in oil and condensate production, to 21,000 tonnes, the company's press service has reported.

"The growth of production indicators was linked to significant investment in exploratory drilling in 2018. The wells that were developed last year opened up a number of new deposits, the potential of which turned out to be somewhat higher than our expectations," Head of the geology department Volodymyr Novikov said.

According to the results of 2018, Ukrnaftoburinnia increased natural gas production 38.1% compared to 2017, to 550.28 mcm.