Who We Are
The Company's principal oil and gas assets are located in Ukraine and Russia, with additional assets in Hungary, Slovakia and Bulgaria. Our activities span the full-cycle E&P value chain of exploration, appraisal, and development through to production.
We have a strong track record of successfully developing our assets.
In Ukraine and Russia we have built significant gas production and processing facilities which we own and operate. In Hungary our oil and gas operations and assets are held in a 50/50 joint venture and operated by our partner.
In 2011, our average daily production was 9,045 boepd and at 31 December 2011 we have proved and probable gas reserves of 524.1 Bcf and oil reserves of 3.3 MMbbl (total 90.7 MMboe).
Group reserves at the end of year (MMboe)
In Russia our assessment of reserves at our Koshekhablskoye field have increased 2P reserves to 364.8 Bcf of gas and 0.4MMbbl of oil (total 61.2 MMboe) and forecasts gas production for many years to come.