On November 16, Ukrgazvydobutok, a part of Smart Energy Group, spudded well #29 at Ostroverkhivske field (Kharkiv region).
Drilling of a new well with target depth of 4,650 m is scheduled to be completed in Q2, 2022. In case of further successful testing, production hook-up is expected in Q3 next year.
Well #29 is an appraisal well, targeting exploration of hydrocarbons deposits in the Visean stage and in the top of crystalline basement as well as specification of attitude of gas-water contacts of the Serpukhovian deposits at Ostroverkhivske field.
Drilling is provided by company Ukrburservis with NOV 2000 HP DC drilling rig (Derrick load capacity of 400 t).
Earlier, at the end of October Ukrgazvydobutok successfully completed workover on well #62 at Ostroverkhivske field. Meanwhile, in Poltava oblast, Smart Energy Group constructs well #31 at Svyrydivske field and well #4 at Svystunkivsko-Chervonolutske field. Testing of well #29 of Svyrydivske gas and condensate field is also in progress. These three new wells are appraisal wells, targeting production from the Visean formation.
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).