The daily production of hydrocarbons by Smart Energy Group increased by 20% in the first half of 2017 – from 3,963 boe (barrels of oil equivalent) per day at the end of December 2016 to 4,769 boe per day at the end of June 2017.
In 2017, Smart Energy plans to invest more than UAH 500 million in the Group’s development. The planned production level is about 220 million cubic meters of Ukrainian gas (against 208.4 million cubic meters in 2016). This was reported to journalists by Sergei Glazunov, CEO of Smart Energy Group.
Smart Energy Group has become an official partner of the Men's European Boxing Championships (EUBC) that will be held on 16-24 June 2017 in Kharkov. Almost 300 sportsmen from 40 countries will take part in the contests.
In 2016, British Regal Petroleum plc (part of Smart Energy Group and owner of gas-producing assets in Poltava and Kharkov regions) reinvested USD 7.3 million or 85% of funds received from operating activities into the company's development. This was reflected in the Company's financial statements published on the London Stock Exchange.
Alexey Pertin, CEO of Smart-Holding, has told us how Ukrainian FIGs are working and what sectors they might invest in in the years to come.
Vladislav Pogorelov has left the post of the CEO of Regal Petroleum Corporation Limited and the post of Smart Energy’s Executive Director.
In 2016, companies of SMART ENERGY Group allocated UAH 3.546 million for the development of social infrastructure in the regions where they operate. In particular, social projects amounting to UAH 1.68 million were implemented in Poltava region, to UAH 1.63 million in Kharkiv region and to UAH 165 thousand in Vinnitsa region. The companies also supported several nation-wide projects.
In 2016, companies of SMART ENERGY Group produced 208.4 million cubic meters of gas, 16.8 thousand tonnes of condensate and 3.7 thousand tonnes of liquefied gas from hydrocarbons of own production. In the current economic and political situation, the Group was able to keep its production figures at the level of 2015 (203.9 million cubic meters of gas, 17.55 thousand tonnes of condensate and 3.95 thousand tonnes of liquefied gas).
SMART ENERGY Group considers as unjustified the search in the territory of the Representative Office of Regal Petroleum Corporation Limited, a member of the Group and a listed British company having the assets in Ukraine.