At the end of the last year, the Ukrainian parliament reduced the royalty rates for gas production from new wells to 12% and 6% depending on the depth, and pre-approved deregulation for gas producers. Importance of these changes, challenges of the gas producing industry, the necessary reforms, as well as the company‘s performance trend in general were recounted by Sergei Glazunov, the CEO of Smart Energy, a company managing energy assets of Smart-Holding, in the interview to Ukrainian News.
In 2017 the Companies of Smart Energy Group paid to budgets and trust funds almost 850 mln UAH, including state budget – 802 mln UAH, and local budgets – 48 mln UAH.
In 2017, the companies of Smart Energy Group produced 226.3 mln cubic meters of natural gas which is 8.5% more than in 2016 (208.4 mln cubic meters).
The aggregate rate of production from the fields of Regal Petroleum plc (part of Smart Energy Group) at the end of 2017 was approximately 2,800 boepd. This compares with an aggregate production rate of approximately 1,700 boepd at the end of 2016, which represents an increase of nearly 65% over the year.