Enwell Energy, a part of Smart Energy, spudded well #31 at Svyrydivske field (Poltava region).
Drilling of a new well with target depth of 5,250 m is scheduled to be completed by the end of Q1 of 2022. In case of further successful testing, production hook-up is expected during Q2 of 2022.
Well #31 is targeting production from V-21 and V-22 horizons in the Visean formation which have demonstrated good productivity in existing nearby wells.
Earlier, in February this year, the British company spudded well #29 at Svyrydivske field (Poltava region) as well. Its production hook-up is expected after successful completion of current testing.
Enwell Energy plc (ex-Regal Petroleum plc) is a British AIM-quoted public company, holding 100% working interests in the companies that operate in Ukraine: Regal Petroleum Corporation Limited (the Representative Office is registered in Ukraine) and Arkona Gas-Energy LLC that are operating in Poltava region as well as Prom-Energo Produkt LLC, working in Kharkiv region. The companies own special license for production of hydrocarbons and are part Smart Energy Group.
Whereas, Smart Energy Group is a part of Smart-Holding, in charge of implementing exploration projects and commercial development of the hydrocarbon deposits.
In addition to assets of Regal Petroleum, Oil & Gas business block of Smart Energy is represented by gas producing Ukrgazvydobutok (Kharkiv region).