British company Regal Petroleum (a part of Smart Energy Group) started drilling a new extension well No. 119 at Mekhedivsko-Golotovschynske field in Poltava region.Target depth of the well is 4,850 m. The drilling is planned to be completed in the third quarter of this year, whereas production start, providing next successful well testing, - in the fourth quarter.
For 12 months of 2018 Smart Energy Group paid 1.5 bln UAH in taxes, which is twice as much as that of the previous year (850 mln UAH). Herewith, most of the charges are royalty exceeding 700 mln UAH. Out of a total of taxes more than 60 mln UAH were paid to local budgets.
Successful work-over completion contributed to producing additional hydrocarbon production, increasing total gas production upon Smart Energy Group and achieving a historical daily maximum flowrate of 960 K m3/day.
Total aggregate rate of hydrocarbons production from the fields of Regal Petroleum plc in Poltava and Kharkiv regions increased approximately by 48% at the end of 2018 and was 4139 boepd (barrels of oil per day). This compares with an aggregate production rate of 2803 boepd at the end of 2017.
Over 11 months of 2018 Smart Energy Group has increased overall production of gas by 30% from 204.1 mln m3 produced last year versus 266.3 mln m3 produced in 2018.
Over 10 months of the current year the Companies of Smart Energy Group contributed 29 mln UAH of royalty payment to the local budget17.12.2018
Over 10 months of the current year, local budgets of Poltava and Kharkiv regions were contributed to with 12.3 mln UAH and 16.7 mln UAH respectively. These amounts were allocated by the companies of Smart Energy Group as royalty payment.
British company Regal Petroleum, which is part of Smart Energy Group, completed initial testing of well No.10 at Vasyschyvske field in Kharkiv region and commissioned it. The well is operating with a stable flow rate of 55K m3/day of gas and 10 m3/day of condensate.
Regal Petroleum increased overall production of hydrocarbons by 60% over the first six months of 201821.09.2018
Over 6 months of 2018 British company Regal Petroleum plc that owns assets in Poltava and Kharkiv regions increased overall production of hydrocarbons by 60% compare to the same time period of the previous year
Over the last 7 months of this year the Companies of Smart Energy Group have transferred 18.3 mln UAH of royalty to local budgets30.08.2018
Over January-July 2018 the Companies of Smart-Energy Group have transferred 18.3 mln UAH of royalty to local budgets of Poltava and Kharkiv regions. Among the companies of Smart-Energy Group, which operate in the above mentioned regions are Ukrgazvydobutok PJSC, the Representative Office of Regal Petroleum Corporation Limited, Promenergoproduct LLC.
British company Regal Petroleum that owns gas producing assets in Poltava and Kharkiv regions, and is part of Smart Energy Group, successfully finished work-over and commissioned well No.12 at Svyrydyvske field in Poltava region.