About the Company

About us
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JV Poltava Petroleum Company (JV PPC), a joint Ukrainian-British venture, was founded in 1994. JV PPC is a leader among non-state oil and gas producers in Ukraine.

The Company’s scope of activities: prospecting and exploration for oil and gas, and hydrocarbon production and processing. Our key objectives: social responsibility, implementation of innovative technologies and best practices in oil and gas industry.

JV PPC adheres to international ethical standards and fully complies with the HSE requirements. By applying advanced technologies and techniques, Poltava Petroleum Company makes its contribution to Ukraine’s energy independence. We are open to new opportunities and strive for continuous growth.



  • 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.


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


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


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


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


  • 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.


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


  • 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.


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


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


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


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

2007 – 2009

  • 26 wells were drilled and tied-in.


  • 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.


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


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


  • Viktor Gladun was appointed General Director.


  • 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.


  • 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%;


  • 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%


  • 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.


• 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.


To create a company that would generate stable profit, implement leading-edge worldwide technologies and contribute to Ukraine’s energy independence.

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Through implementing best practices and technologies in production industry and in corporate and personnel management, to achieve sustainable results both in production and finance. Achievement of the sustainable development goals will ensure a balance of economic and technological growth, environmental protection and labour safety.

Dmytro Piddubnyy Finance Director
Serhii Kurasa Administrative Director
Viktor Gladun General Director
Mykola Orynchak Technical Director
Liudmyla Ilinska Chief Accountant
Oleksandr Kryvenko Operations manager
Ihor Kravchenko Director of Legal Department
Volodymyr Maksymov Director of Geological Department
Andrii Dovhaniuk Commercial Director
Oleksandr Nasonov Director of procurement department
Serhii Veldiaksov Operations manager

Dmytro Piddubnyy graduated from the Poltava Technical University with a degree in Business Economics.

From 1997 till 2001, Dmytro worked as a software engineer, an economist and a manager of the funds collection control department with PJSC Poltavaoblenergo.

Dmytro has been with JV PPC since 2001 working as an economist and later as the Head of the Finance Department. Since 2016, he has been holding the position of the Company’s Finance Director.

Dmytro has over 15 years of experience in finance and economics.

Serhiy Kurasa graduated from the Kharkiv Higher Military Command Engineering School with a major in engineering mathematics and from the Kharkiv Yaroslav Mudryi National Law Academy majoring in civil and business law.

Serhiy worked for the Central Scientific Research Institute for Aircraft and Space Engineering with the Ministry of Defense of the USSR and for a number of Ukrainian and Russian commercial companies.

Since June 2016, Serhiy has been working for JV PPC.

He is the author of a number of papers on theory and practice of decision-making and automation of work performed by officers in charge of controlling the air force strategic combat units during special operations.

Viktor Gladun studied engineering and finance. He graduated from Harvard Law School (International Taxation), worked in Harvard University’s project on macroeconomic transformations in Ukraine, and obtained a Master’s Degree of the US Brandeis University’s in Sustainable International Development.

Viktor held executive positions in a number of leading international companies in the USA, Ukraine, and Russia. He worked for TNK-BР, Mitsubishi Motors/NIKO and DTEK. Viktor has experience both in business development and promotion, and in crisis management.

Joined PPC in March 2017. In 2015-2016, Mykola was an adviser to the Minister of Energy and Coal Industry, while being the deputy director of the oil and gas department in the respective ministry. Previously, he worked for 9 years at Naftogaz of Ukraine, where he led interaction with external contractors, technical and financial activities of Naftogaz branches abroad.

Works in drilling sphere since 1981. During 37 years of work in the field, Mykola has gained a deep understanding of production processes: he managed projects on well drilling and development, well workovers and commissioning, engaged in the modernization of production facilities and structure optimization of drilling enterprises, developed personnel policy and had been in over-all charge. Mykola held senior positions in the Poltava Department of Drilling Operations, ZAO BIKOM, OAO Kondpetroleum, ZAO NUBR, OAO Ukrnafta, Naftogaz of Ukraine, the Ministry of Energy and Coal Industry.

He was educated at the Ivano-Frankivsk Institute of Oil and Gas where he gained a degree in Drilling of oil and gas wells.

In PPC since November 2017.

She has 20 years of experience in financial accounting. Familiar with the specifics of work: for 15 years she held the position of Chief Accountant at Danone for 15 years. She is qualified in the field of International Financial Reporting Standards – she received a corresponding diploma in International Financial Reporting (DipIFR) from the Association of Chartered Certified Accountants.

She graduated from the Kremenchug Institute of Economics and New Technologies with a degree in Accounting and Audit.

Oleksandr Kryvenko graduated from the Ivano-Frankivsk National Technical Oil and Gas University with a degree in development and operation of oil and gas fields.

1996-1998 – Western Siberia, Belye Nochi company, coiled tubing installation.

1998 to date – JV PPC Operations Manager.

2013-2015 – Yuzhgasenergy, Well Operation Manager.

Oleksandr attended a gas lift course provided by PetroSkills in Dubai.

Ihor Kravchenko graduated from the Institute of International Relations of the Taras Shevchenko National University of Kyiv with a degree in International Private Law.

He worked for a number of top international companies such as ArcelorMittal, Baker & McKenzie, and Leading Oil&Gas Holding as a senior legal advisor and a senior counsel in charge of capital investment project support.

He has experience in legal support of companies in oil and gas sector, and world-class corporations in metallurgy, machine building and agriculture.

Volodymyr graduated from the Ivano-Frankivsk National Technical Oil and Gas Institute with a qualification of geologist.

Volodymyr worked for East-Ukrainian Geophysical Survey Expedition and GPU Poltavagasvydobuvannia as a senior geologist.

He participated in the development of a number of projects related to geological exploration, preparation and handover of structures for drilling, and estimation of oil and gas field reserves.

Andrii Dovganiuk graduated from the Poltava Cooperative Institute with a degree in Accounting and Auditing.

Andrii has been with the Company since 1999. In 2004, he was appointed the Head of Gas Sales Group and since 2017, he has been in charge of the Commercial Department of JV PPC.

Andrii has 18 years of experience in raw hydrocarbon sales, natural gas and gas condensate import, and NGL processing.

Oleksandr Nasonov graduated from the Institute of Economics, Management and Law in Civil Engineering of the Donbas National Academy of Civil Engineering and Architecture with a qualification of manager and economist.

Oleksandr held senior procurement positions in leading Ukrainian companies and has over 10 years of experience in this sphere. He has been with the Company since April 2017.

Joined JV PPC in 2002.

Previously worked at Ukrnafta. He has more than 24years of experience in extraction industry.

In 1994, he graduated from Ivano-Frankivsk National Technical University of Oil and Gaswith a degree in “Development and Exploitation of Oil and Gas Fields”.

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We want to see people striving for their development and professional improvement as members of our team. We guarantee safe labour conditions and high moral and material motivation. To view our current vacancies, press the button below. If there are no currently available vacancies, you can send us your CV and we will add it to our reserve database. Please send your motivation letter and CV to hr@ppc.net.ua.

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    European Association of Geoscientists and Engineers

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    Association of Gas Producers of Ukraine

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    Ukrainian Oil and Gas Academy

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    American Chamber of Commerce in Ukraine

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    Central Commission for Development of Gas, Gas Condensate and Oil Fields and Operation of Underground Gas Storages with the Ministry of Energy and Coal Industry of Ukraine (CDC)

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    State Commission for Mineral Reserves of Ukraine (SRC)

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    NJSC “Nadra Ukrayny”

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    PJSC UkrGasVydobuvannya

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