For Q1, 2020, Smart Energy Group paid UAH 314.8 mln in taxes, down 38% y-o-y. Although production increase, the subsoil taxes has gone down as well. Totally the companies of the group paid UAH 119.8 mln to the budgets of all levels, down 42% against Q1, 2019.
In Q1, 2020, the companies of Smart Energy Group increased the total average daily production rate by 7.8%: from 981 Km3/day up to 1.06 mln m3/day for gas. The average daily production rate for condensate in the group reached nearly 0.1 Ktonnes/day (up 6.3%) for the reported period.
British company Regal Petroleum, a part of Smart Energy, increased an average daily production of hydrocarbons by 26% up to 4,263 boepd in 2019 from 3,391 boepd in 2018.
PrJSC Ukrgazvydobutok, a part of Smart Energy Group, completed successfully two workovers and resumed operation of two wells in Ostroverkhivske field, Kharkiv oblast. The results of workovers enabled the group to increase its average daily production rate up to 75 K m3/day in 2020.
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.