Operations
The Poltava Petroleum Company (PPC) is a wholly-owned subsidiary of JKX and is the largest non-state producer of oil and gas in Ukraine. Established in 1994, PPC initially focused its efforts on four fields located within the Novo-Nikolaevskoye complex located in the Poltava region of Ukraine. Production of commercial quantities of oil and gas began in 1995.
Since that time JKX has added the Elizavetovskoye licence to the portfolio.
Summary of Ukraine reserves
| Oil & Gas MMboe | Oil MMbbl | Gas Bcf | |
|---|---|---|---|
| 1 January 2010 | 42.5 | 7.6 | 209.7 |
| Reserves additions | 0 | 0 | 0 |
| Production | (3.4) | (1.1) | (14.4) |
| 31 December 2010 | 39.1 | 6.5 | 195.3 |






