About the Company

1994

• JV PPC was registered as joint venture with foreign investment. JV PPC’s founders include the British JP Kenny Exploration & Production Ltd and two Ukrainian enterprises, Poltavagazprom and Poltavaneftegazgeologiya;
• JV PPC obtained an exploration licence for the Novomykolaivska area and four production licences.

1995

• commenced pilot production on Ignativske and Movchanivske fields
• the Company started exploration drilling.
• JKX successfully floats on the London Stock Exchange raising £41m

1996

• 5 wells were drilled and tied-in.
• JV PPC received a loan from the European Bank for Reconstruction and Development (EBRD).

1997

• four exploration wells (including three deviated ones) and two production wells were drilled.

1998

• conducted the first full-scale 3D seismic survey in Ukraine

2000

• a deviated well was drilled in the Ignativske field;
• Poltavagazprom, one of the JV PPC’s founders, withdrew from the participation in the Company;
• the Ignativske, Novomykolaivske and Movchanivske exploration phase was completed.

2001

• the Rudenkivske field exploration phase was completed;
• the Ignativske field was brought into commercial development.

2002

• 1 well was drilled and tied-in;
• a dew point control unit was commissioned for the first time in the Ukrainian oil and gas industry;
• a vertical well was drilled and two wells sidetracked;
• the Movchanivske field was brought into commercial development.

2003

• 1 well was drilled and tied-in.
• The first in Ukraine to export gas to Europe
• JKX acquires 100% ownership of PPC

2004

• 1 well was drilled and tied-in;
• production facilities were upgraded.

2005

• 6 wells were drilled on the licenсes;
• the oil loading facility was upgraded.

2006

• 9 wells were drilled and tied-in;
• production facilities were upgraded.

2007 – 2009

• 26 wells were drilled and tied-in.

2010

• 4 wells were drilled and tied-in;
• The first in Ukraine to drill a 1 km-long horizontal shaft (1317 м).

2011 – 2012

• 11 wells were drilled and tied-in;
• LPG plant was brought into operation.

2013

• First in Ukraine to perform a 10-stage hydraulic fracturing in a horizontal well;

2014

• 6 wells were drilled;
• Velocity String was put into operation.

2016

• Viktor Gladun was appointed General Director.

2017

• the JKX management changes;
• for the first time in Ukraine, 5 fracs were performed in 5 days;
• the chemical analysis laboratory obtained a certificate of compliance with the ISO 10012:2005 standard;
• the Construction Department obtained an ISO 9001:2008 certificate.

2018

• Drilled and connected 1 well, started drilling a well in West Mashivska area;
• Recovered 20 wells;
• The first in Ukraine to close a deal on gas supply through OTC platform;
• The first in Ukraine to publish geological information in company`s posession (published information on Elizavetivske field)
• Filled LPG plant capacities from 25% to 40%;

2019

• The company successfully drilled 4 new wells (3M-3, HH-81, Ign-142 and ZM-4)
• Drilling of 5 HN-82 wells started, which was completed in January 2020
• Started drilling of the side barrel – Ore 101
• Completed 11 major well repairs (CRC)
• Gas production amounted to 280.7 million m3 – an increase of 55% compared to 2018
• Oil and condensate production – 47.4 thousand tons, which is 41% more than in 2018
  13.7 thousand tons of LPG – 22% more than in 2018
• JV PGC increased JKX Oil & Gas’s total production by 20%

2020

• The production of oil and gas condensate demonstrates positive growth dynamics, which is + 20% compared to last year and amounts to 24.8 million tons.
• The natural gas production decreased by 5% and amounted to 125.6 mln.m3.
• The company also overhauled its own TW-100 rig.
• Аdditional perforation of two wells was also carried out – Ig-142 and Ig-143 Ignatovskoye fields.

2021:

• Gas production in 2021 amounted to 196.9 million m³, oil and condensate – 41.7 thousand tons;
• JV PPC drilled 2 new wells;
• JV PPC drilled 2 side shafts and 15 overhauls of wells;
• The company paid 1.4 billion hryvnias in taxes to the state budget in 2021.