On August 19, 2021, Enwell Energy, a part of Smart Energy, spudded well #4 at Svystunkivsko-Chervonolutske field (Poltava region).

This will be the first drilled well at the field for 25 years. Its target depth is 5,565 m. The company is planning to complete drilling and provide testing in Q3, 2022.

“Thus, besides gas production increase, we are striving for restoration of hydrocarbons production at Svystunkivsko-Chervonolutske field that has not been provided here since 2007”, commented Sergii Glazunov, CEO of Smart Energy Group.

By its geological structure Svystunkivsko-Chervonolutske field is similar to Svyrydivske and Mekhedivsko-Golotovshchinske fields that are 15 km to the east and are operated by another company of the Group. Well #4 is primarily an appraisal well, targeting production from the Visean formation.

Earlier, Smart Energy received Svystunkivsko-Chervonolutske licence via acquisition of Arkona Gas-Energy by its British asset in March, 2020. Last year this company prepared site for drilling the first well at the field, while this year it is doing additional geophysical research, working on arranging all permissions, developing and preparing to construction of production infrastructure at the field.

Reference

Smart Energy is a part of Smart-Holding and is in charge of implementing exploration projects, commercial development of the hydrocarbon deposits. It is ranked in top 5 biggest private gas producers of Ukraine, producing over 1 mln m3 of gas per day in total.

Oil & Gas business block of Smart Energy is represented by gas producing Ukrgazvydobutok (Kharkiv region) and Enwell Energy, a listed British company having assets in Poltava (the Representative Office of Regal Petroleum Corporation Limited and Arkona Gas-Energy LLC) and Kharkiv regions (Prom-Energo Product).