Financial and Corporate governance report 2018

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:

Financial Report 2018

Corporate Governance Report 2018 (in Ukrainian)