CADOGAN ENERGY SOLUTIONS PLC
Annual Results for the year ended 31 December 2022
The Board of Cadogan Petroleum plc, is pleased to announce the Company’s annual results for the year ended. | April 28, 2023
Cadogan Petroleum has provided an update on its operations in Western Ukraine post year end. In 2021, production continued to grow. Net oil production was 127,662 bbl corresponding to an average of 350 bpd. This is 20% above the production of 2020.
Ukraine: Cadogan Petroleum announces operational update
02 Feb 2021
Cadogan Petroleum has provided an update on its operations in Western Ukraine post year end.
Net production for 2020 was 106,400 bbl which is 1.5% above the production of 2019.
This production result was achieved despite the heavy impact of covid-19 pandemic and 5.5 months shut-down of Blazhiv-3 and Blazhiv-Monastyrets-3 wells due to the expiry of the lease contract, which extension was awarded in June 2020 for a new term.
To prevent the spread of covid-19, the Company introduced administrative and healthcare measures to provide safe working conditions for its employees. In 2020, the Company registered 10 cases of employees’ infection. All of them have recovered.