JKX Oil & Gas is engaged in the exploration for, evaluation, development and production of oil and gas reserves. Co. has four reportable operating segments: Ukraine and Russia segments are involved with production and exploration; the Rest of World segment is involved in exploration, development and production and the U.K. segment includes the head office and purchases material, capital assets and services on behalf of other segments. The Rest of World segment comprises operations in Hungary and Slovakia. As of Dec 31 2016, Co. had proved and probable oil and gas reserves of 29.1 million barrels of oil equivalent (MMboe) in Ukraine and 80.3 MMboe in Russia.
Tullow Oil is an independent oil and gas exploration and production company. Co.'s focus is on finding oil in Africa and South America. Co.'s primary activities include targeted exploration and appraisal, selective development projects and growing its production. As of Dec 31 2017, Co.'s portfolio included 90 licences in 16 countries. Co.'s operations are organized into three business delivery teams: West Africa; East Africa; and New Ventures. As of Dec 31 2017, on a working interest basis, Co. had commercial reserves of 245.7 million barrels of oil, 268.90 billion cubic feet of gas, and 290.5 million barrels of oil equivalent (petroleum).
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