News

Successful work-over completion contributed to producing additional hydrocarbon production, increasing total gas production upon Smart Energy Group and achieving a historical daily maximum flowrate of 960 K m3/day.

In December 2018, an independent rating agency IBI-Rating raised the long-term credit rating of UNEX BANK to uaBBB+ grade with “in development” outlook, according to the national rating scale.

Total aggregate rate of hydrocarbons production from the fields of Regal Petroleum plc in Poltava and Kharkiv regions increased approximately by 48% at the end of 2018 and was 4139 boepd (barrels of oil per day). This compares with an aggregate production rate of 2803 boepd at the end of 2017.

The new edition of the Maritime Doctrine till 2035, as related to supporting the shipbuilding industry, risks becoming the same declarative document as its predecessor from 2009. This is how Vasiliy Fedin, Director General of Smart Maritime Group, commented on approval of the new edition of the Maritime Doctrine by the government.

Over 11 months of 2018 Smart Energy Group has increased overall production of gas by 30% from 204.1 mln m3 produced last year versus 266.3 mln m3 produced in 2018.

Smart Maritime Group has completed the shipment of metal structures for the construction of a new thickener at Southern Mining and Processing Plant (YuGOK, Krivoy Rog city, Dnepropetrovsk region) ahead of schedule.

Over 10 months of the current year, local budgets of Poltava and Kharkiv regions were contributed to with 12.3 mln UAH and 16.7 mln UAH respectively. These amounts were allocated by the companies of Smart Energy Group as royalty payment.

The first 150 tons of metal structures of the thickener have been mounted at Southern Mining and Processing Plant (Krivoy Rog, Dnepropetrovsk region) under the contract with Smart Maritime Group. The thickener will be used in the YuGOK production process.

British company Regal Petroleum, which is part of Smart Energy Group, completed initial testing of well No.10 at Vasyschyvske field in Kharkiv region and commissioned it. The well is operating with a stable flow rate of 55K m3/day of gas and 10 m3/day of condensate.

Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, published a trading update for the first nine months ended 30 September 2018.