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About us

We are an oil and gas business focused on careful, disciplined growth in our operations in Ukraine. Our success is founded on rigorous planning, disciplined application of enhanced and proven technology, responsible resource stewardship, and a highly experienced team. Meet an energy business that’s listening to its stakeholders.

Enwell Energy is a UK-based exploration and production company with an exclusive focus on operations in Ukraine. We have four fields in appraisal, development and production – three in Poltava region and one in Kharkiv region – producing around 2,000 boe per day. Our current 2P reserves stand at over 58 million boe.

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Production Mboepd
4.7
2021
3
2022
2.6
2023
Cash generated from Operations $m
77.6
2021
47.5
2022
63
2023
Revenue $m
121.4
2021
133.4
2022
62.2
2023
Operating Cash Flow $m
69.4
2021
27
2022
60.5
2023
Oil & Gas Fields
4

Current Development Strategy

Production, revenue, operating margin and cash reserves have all grown in recent years, while at the same time our hydrocarbon reserves have increased. This success is based on a disciplined approach to operations and investment, and rigid financial and risk planning. With this prudent approach we are cautiously optimistic about the future.

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Our transformation story

After facing difficult challenges earlier in the last decade, we emerged tougher and more focused than ever. We have transformed our entire business – investing in our people and our fields, ruthlessly controlling costs, and developing a culture of continuous improvement.

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Leadership

Our team of directors have extensive technical and strategic knowledge of, and experience within, the oil and gas industry. Their experience and talent are essential drivers of our current growth.

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Corporate governance

We operate in a transparent and ethical way, taking our responsibilities to our stakeholders and the natural environment seriously. Our corporate governance structure ensures we remain true to our principles.

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Risk management

It’s essential that we manage risks effectively and we apply rigorous criteria to ensure we are ranking, prioritising and monitoring risks across our operations and functions.

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