On February 23, 2021, Enwell Energy, a part of Smart Energy, spudded well #29 at Svyrydivske field (Poltava region).
Drilling of a new well with target depth of 5,450 m is scheduled to be completed by the end of Q3 of 2021. In case of further successful testing, production hook-up is expected during Q4 of 2021.
The well is a development well, primarily targeting exploration and production from B-22 horizon, as well as appraising B-21 and B-23 horizons, in the Visean formation.
Earlier, last year, the British company completed drilling of a new well at Svyrydivske field (Poltava region) as well. At the same time, at Vasyshchivske field (Kharkiv region), planning is continuing for a new well to explore the Vvdenska prospect. The company is also getting ready to spud the first well at Svystunkivsko-Chervonolutske field (Poltava region).
Smart Energy is a part of Smart-Holding and is in charge of implementing exploration projects, commercial development of the hydrocarbon deposits. It is ranked in top 5 biggest private gas producers of Ukraine, producing over 1 mln m3 of gas per day in total.
Oil & Gas business block of Smart Energy is represented by gas producing Ukrgazvydobutok (Kharkiv region) and Enwell Energy, a listed British company having assets in Poltava (the Representative Office of Regal Petroleum Corporation Limited and Arkona Gas-Energy LLC) and Kharkiv regions (Prom-Energo Product).