Burisma Group deploys most powerful drilling rig in Ukraine

9/22/2017

KIEV, Ukraine -- Burisma Group, an international energy group with assets in Ukraine, purchased a U.S. drilling rig SK 3000 with load capacity of 680 tonnes. The 3,000-hp drilling rig, produced by Service King Manufacturing, Inc., was brought into operation in May 2017 at the well No. 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 U.S. and adjusted to operate in Ukrainian conditions.

The purchase price of SK 3000 was around UAH 1 billion ($40 million) and the relevant customs duties transferred by Burisma Group to the state budget amounted to UAH 200 million ($7.64 millon) . According to Burisma’s corporate “Billion Strategy”, in 2017, the Group intends to invest more than UAH 3 billion ($110 million) 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 a manufacturer of mobile drilling rigs in the U.S. The company owns seven factories that produce the whole range of components for drilling equipment, including brake bands and pads, masts, drawworks 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.

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