KIEV, May 24 – Mykola Zlochevsky's Burisma Group seeks to increase natural gas production by 50% in 2016, taking into account KUB-Gas – from 1.2 billion cubic meters (bcm) to 1.8 bcm, Burisma Chief Executive for Ukrainian Operations Taras Burdeiny said.

"This year Burisma seeks to drill 16 wells over 4,000 meters deep and five or seven wells of under 4,000 deep… This helps us to achieve the production target of 1.8 bcm, but we set a goal to reach 2 bcm," he said.