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Eastern Europe Monitoring Ukraine

British-Ukrainian JV Poltava Petroleum Company to restart drilling program

JV “Poltava petroleum company” (PPC) before the end of February will start drilling Е308 on Elizavetovskogo field (Ukraine, Poltava region), the press service of the company reported.

“PPC announces the resumption of drilling program in Ukraine. According to the new company’s development strategy to 2018, the drilling of the first well Е308 should begin at Elizavetovskogo field before the end of February. Project depth of the well is 3 km away. At this point ends the preparatory work and finalizarea a tender to select service drilling company”, – stated in the message.

As noted in the company, the new drilling was made possible after changes to the fiscal regime in Ukraine.

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