PPC increased oil production by 2% in 9 months of 2020

For 9 months of 2020, Poltava Petroleum Company (PPC), against the background of a general drop in hydrocarbon production, increased oil and condensate production by 2%, drilled 2 wells and 2 side tracks and completed 6 major well workovers. The company was also among the first in Ukraine to use the plunger lift systems that enhance production efficiency.

During the period from January to September 2020, the company produced 184.4 million cubic meters of natural gas and 35.6 thousand tonnes of oil and gas condensate.

Compared to the same period last year, the average daily level of oil and condensate production increased by 2%, but gas production decreased by 12%.

14:05 / 16 October, 2020

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