The JV PPC combines and utilises the potential of Ukrainian and Western contractors. This enables complex technical projects to be realised based on modern technologies, specifically: |
| Slant hole directional drilling |
The JV PPC was the first company in Ukraine to start making extensive use of this method to drill wells on dry land. This technology enables points to be reached which, because of various circumstances, are inaccessible to vertically-drilled wells. Using this technology, 4 wells were drilled from one site, thus minimising the impact on the environment, agricultural activities and human life. |
| Drilling-in |
To increase well output, the JV PPC uses modern foreign-made perforators and differential-pressure exposure of productive horizons. |
| Flexible oil well tubing |
For major overhauls and to intensify well influx, the JV PPC makes use of flexible oil well tubing, which gives substantial increases in hydrocarbon yields and provides significant savings in time and resources. The JV PPC was the first to use this method in Ukraine, in 1997. |
| Three-dimensional seismic surveying |
To study the underground structure of the licensed fields, in 1998 the first three-dimensional seismic survey was carried out in an area of 150 km2 using modern equipment. This gave a more accurate idea of the geological structure of the fields and optimal development routes and drilling locations for new wells were identified. |
| Computer technologies |
Use of modern software - KINGDOM-6.1 and EXODUS - has helped the JV PPC to carry out a project to create continuously operating models of fields in which the company is producing.
WAVELAN technology provides a link between the administrative office in Poltava and the company’s production base in the Novi Sanzhary District, 42 km away, which has enabled a territorially split corporate network to be set up.
Use of a piece of modern software called BUTUZ has enabled the JV PPC to run computerised accounting and auditing complying with local and international (GAAP) standards. |