In 2019 the companies of Smart Energy Group increased hydrocarbons production. The total production of gas is 24.7% up y-o-y and gas condensate production is 28.7% up y-o-y, due to putting into production new wells and workovers of existing wells.
British company Regal Petroleum, a part of Smart Energy, has entered into a Memorandum of Understanding for the acquisition of PJSC Science and Production Concern Ukrnaftinvest, which holds the Belolisky and Alibeysk-Trapivska production licenses in Odessa region.
British company Regal Petroleum, a part of Smart Energy Group, started drilling of new well No 54 in Svyrydivske field in Poltava region.
Regal Petroleum obtained a stable commercial gas and condensate inflow from new well in Poltava region09.10.2019
British company Regal Petroleum, a part of Smart Energy, obtained a stable inflow of natural gas and gas condensate from well No 119 Mekhedivsko-Golotovshynske field in Poltava region. At this moment, the well is flowing with average gas flow rate – 140 thous m3/day, condensate – 30 thous m3/day (1070 boepd per day in aggregate).
Regal Petroleum continues ramping up its hydrocarbon production and improving its financial performance13.09.2019
British company Regal Petroleum, a part of Smart Energy, has increased its aggregate average daily hydrocarbon production by 50% for six months of 2019 compared with the same period last year, whereas company’s revenue has increased by 27%.
Regal Petroleum plc, British public company (a part of Smart Energy Group), announced an updated assessment of reserves at Vasyschyvske gas and condensate field in Kharkiv region. The study estimated considerable increase of 1P and 2P reserves.
Smart Energy Group of companies allocated funding in the amount of 1.7 mln UAH to develop community social infrastructure as well as to charity.
British company Regal Petroleum plc (a part of Smart Energy Group) increased its total average daily hydrocarbon production by 44% from 2829 to 4073 boepd in Q2 2019 compared with the same period of the last year.
During the first three months Smart Energy Group of companies transferred 10 million UAH of royalty to local budgets of Poltava and Kharkiv regions.