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Poltava Petroleum Company Becomes Partner of Ukrainian Gas Forum

Kyiv, 16 October 2018 – Last week, the fourth Ukrainian Gas Forum was held in Kyiv, which was sponsored by JV “Poltava Petroleum Company” (PPC). One of the Forum’s unique features is its broad range of participants, which includes representatives of Ukrainian and international gas companies, global experts and government officials.

The Forum’s first day focused on the issues of the gas market, including price formation and current trends. The second day gathered representatives of companies specializing in hydrocarbon production.

During the panel discussion on the prospects of gas production in Ukraine, PPC’s Deputy Technical Director Mykola Orynchak presented drilling technologies used by the company at depleted deposits. These include sidetracking and well workover.

“Considering that most of PPC’s licenses are rather depleted, we are currently looking for new licenses. While the search is ongoing, methods such as sidetracking and well workovers can be effective for boosting extraction volumes,” noted Orynchak during his presentation.

PPC would like to thank the Forum’s organizers and participants for their contribution to developing Ukraine’s oil and gas sector, as well as for offering solutions to issues in reforming the country’s gas market.