JV Poltava Petroleum Company

What JV Poltava Petroleum Company does

JV Poltava Petroleum Company (PGNK / СП «Полтавська газонафтова компанія») is a Ukrainian-British joint venture engaged in the extraction and production of hydrocarbons, operating in the Poltava region of Ukraine. The company produces four primary product streams — natural gas, crude oil, gas condensate, and liquefied petroleum gas (LPG) — sold on a business-to-business basis into the Ukrainian energy market. It self-positions as a leader among non-state oil and gas producers in Ukraine, citing use of world-class technologies and adherence to international ethical standards, and was recognized with the Eco-Oscar environmental award in 2019.

The company is publicly listed on the London Stock Exchange via its UK parent, JKX Oil & Gas (ticker GB0004697420), providing access to international capital markets. Its workforce is reported in the 251-500 employee range, and its operations are concentrated in a single Ukrainian region, giving it proximity to established gathering, processing, and pipeline infrastructure but also concentrating exposure to Ukrainian domestic energy demand, regulatory environment, and war-related disruption.

Revenue mechanics follow standard E&P economics: volumes of produced hydrocarbons are sold to energy industry buyers at prevailing market prices, with revenue dependent on production levels, commodity pricing, and realized offtake terms. Financial reporting is available for years 2018-2022, but specific revenue, production volume, or reserves data was not disclosed in the input. Recent activity signals include 2025-2026 military and community support contributions and a partnership discussion with Enerflex (a U.S. energy equipment company) in June 2026, indicating continued operational engagement rather than contraction.

Name

JV Poltava Petroleum Company

Legal name

СП «Полтавська газонафтова компанія»

Website

https://ppc.net.ua

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

251–500 employees

Short description

JV Poltava Petroleum Company (PGNK) is a Ukrainian-British joint venture that extracts and sells natural gas, crude oil, gas condensate, and LPG from the Poltava region of Ukraine, serving B2B energy industry buyers and listed via parent JKX Oil & Gas on the London Stock Exchange.

Ownership category

akta.pro rank

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D

Revenue model

1. Hydrocarbon Sales: Revenue generated from extraction and sale of natural gas, crude oil, gas condensate, and liquefied gas produced from their licensed fields in Poltava region, Ukraine.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

JV Poltava Petroleum Company is a Ukrainian-British joint venture that explores, extracts, and produces hydrocarbons from government-licensed oil and gas fields in the Poltava region of Ukraine. The company sells four primary products — natural gas, crude oil, gas condensate, and liquefied gas (LPG) — through its own commercial operations division to industrial customers in Ukraine's energy sector.

Product overview

СП «Полтавська газонафтова компанія» (JV Poltava Petroleum Company) is a Ukrainian-British joint investment project in Ukraine's oil and gas sector. The company operates as a leading private oil and gas extraction company, producing four main hydrocarbon products: natural gas, crude oil, gas condensate, and liquefied gas (LPG). The product portfolio consists of primary hydrocarbon commodities extracted from licensed fields in the Poltava region of Ukraine.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas (Природний газ)

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• EnerflexstrategicTechnology or Integration · 26 June 2026American energy equipment company. In June 2026, PGNK and Enerflex discussed the supply of energy equipment for Ukraine, indicating a potential strategic partnership for energy infrastructure development.

Scale indicators3 records

Recent moves4 records

Expansion highlights2 records

Direct peers

• JKX Oil & Gas: UK-listed parent company of PGNK (LSE: GB0004697420). Operates Ukrainian upstream oil and gas assets through PGNK and other subsidiaries; directly comparable in business model, asset geography, and product mix.
• DTEK Oil & Gas: Privately-held Ukrainian gas producer and a direct private-sector competitor to PGNK. Operates upstream gas assets and holds a sizable share of private Ukrainian production, comparable in customer base and product focus.
• Regal Petroleum: AIM-listed upstream oil and gas company focused on Ukrainian operations, including gas, condensate, and LPG production. Direct comparable in scale, asset geography, and four-stream hydrocarbon portfolio.
• KUB-Gas (Serinus Energy): Ukraine-focused natural gas producer operating under the KUB-Gas brand, majority-owned by Serinus Energy (AIM/TSX listed). Closely comparable small-cap private-style Ukrainian gas E&P with overlapping license region and product mix.
• Burisma Group: Large private Ukrainian gas and condensate producer. Directly competes with PGNK for Ukrainian private-sector upstream market share and licenses, with overlapping customer base and product portfolio.
• Smart Energy (Enwell Energy): UK-listed (AIM) upstream operator with Ukrainian gas production assets operated through the Smart Energy subsidiary. Comparable as a publicly visible Ukrainian-focused gas E&P with similar regulatory exposure and product mix.

Broad incumbents

• NJSC Naftogaz of Ukraine: Ukraine's national oil and gas company, dominating upstream gas production and the gas distribution network. Sets the regulatory and pricing environment in which PGNK and other private producers operate.
• Ukrnafta: Ukraine's largest state-owned oil and gas producer, operating extensive upstream acreage across multiple regions. Provides the benchmark for Ukrainian oil and gas production scale against which PGNK's leadership among private producers is measured.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/JVPPC
• Xx.com/jvpoltava
• LinkedInlinkedin.com/company/jv-poltava-petroleum-company

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JV Poltava Petroleum Company