Over the last six months, the Companies of Smart Energy Group have increased production of gas by 25%

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06.07.18

Over the last 6 months the Companies of Smart Energy Group have increased production of gas by 25%. Overall, the Representative Office of Regal Petroleum Corporation Limited, LLC Prom-Energo Product and PrJSC Ukrgazvydobutok produced 129 mln m3 of gas versus 103 mln m3 over the same period last year.

At the same time, over the first 6 months of 2018 production of condensate went up by 32% from 7.7 K t to 10.2 K t.

“The volume of production has went up and keeps growing due to implementation of several projects. First of all, we are talking about commissioning of the new well No.109 once the drilling was over and well No.2 after the set of repair-and-renewal operations in Poltava region last year. Second, commissioning of the new well No.28 in Kharkiv region in May last year. We hope such positive ramp up dynamics is going to continue further on. Nevertheless, it will depend on successful implementation of our other projects”, - noted Sergiy Glazunov, CEO of Smart Energy Group.

As a reminder, in March 2018 Smart Energy Group started drilling of well No.10 at Vasyschyvke GCF in Kharkiv region. Start of production is scheduled for QIII 2018.

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