JV Poltava Petroleum Company (PPC), one of the largest private oil and gas producers in Ukraine, has announced its operating results for the first six months of 2018. During the period from January through June 2018, PPC has revised its drilling programme and updated its well enhancement and workover programme. Also, the company has obtained the first results from the abandoned wells re-instatement programme, increased its LPG plant loading, and started drilling a new well – for the first time since 2015.

Due to the new programme and based on the first six months’ records, gas production has amounted to 83.6 million cubic meters with oil and condensate amounting to 17.3 thousand tonnes and LPG, in its turn, amounting to 5.1 thousand tonnes. From January through June, PPC paid UAH 243.9 million of the rental fee for gas, oil and condensate production, and UAH 12.2 million of it was assigned to local budgets.