JV Poltava Petroleum Company (PPC) publishes the company’s financial results for the reporting period from January 1 to December 31, 2018 and the Corporate Governance Report.
Key results of PPC for 2018:
In 2018, theJV PPC achieved the best financial results since 2011;
Increased profitability, due to wells operated under service contracts and contract of the lease;
The key drivers of growth were an increase in production and higher prices for oil and gas;
Increased hydrocarbon production by 5%;
The first new well has been drilled since 2015;
20 works on workovers and production enhancement were carried out;
Launch of activity on West-Mashevskaya area of the Elizavetivske field;
“Five-year development plan” approved;
Please, follow the links below to download the files: