The event was organized by the Engineering Centre Poltava and Newfolk OGCC teams and hosted by the National University Poltava Polytechnic named after Yu. Kondratyuk.

The unprecedented plunge in oil and gas prices in the industry led to a significant reduction of investments in GEO ALLIANCE as well. However, the Group achieved the planned production and exceeded its financial goals of net income and free cash flow.

During the workover, we used tubing with internal lacquer polymer-based coating which increases corrosion resistance and operational reliability of the pipe for the first time.

Labour safety is an important component of developing a responsible and successful business. That is why GEO ALLIANCE Group is constantly working on meeting present-day standards in this field.

This summer, pupils of Yakhnyky Residential Special School in Lokhvytsia district have not been able to have a rest in summer camps amid the quarantine restrictions. That is why PrJSC NATURAL RESOURCES responded to a request made by the school administration and acquired a frame pool for the children. Now the summer will shine in new splendor for them!

GEO ALLIANCE Group has summed up the results of its production activities in the first 6 months of 2020.

In particular, PrJSC NATURAL RESOURCES transferred UAH 350,000 to the Lokhvytsia District Hospital. The funds were used to purchase a lung ventilator without which it is impossible to treat patients with coronavirus complications.