News

Smart Energy Group of companies allocated funding in the amount of 1.7 mln UAH to develop community social infrastructure as well as to charity.

British company Regal Petroleum plc (a part of Smart Energy Group) increased its total average daily hydrocarbon production by 44% from 2829 to 4073 boepd in Q2 2019 compared with the same period of the last year.

During the first three months Smart Energy Group of companies transferred 10 million UAH of royalty to local budgets of Poltava and Kharkiv regions.

British company Regal Petroleum plc, which is a part of Smart Energy, gained 54.3 million USD of net profit in 2018. Herewith its net profit in 2017 was 2.3 million USD.

Public British Company Regal Petroleum plc (part of Smart Energy) increased its average daily hydrocarbon production during the first quarter of 2019 by 51.4% in the fields of Poltava region and by 69% in the fields of Kharkiv region, compared with the same period last year.

Smart Energy Group achieved its important strategic objective – 1 million m³ of daily gas production.

As of year-end 2018, Smart Energy Group showed a significant 31% increase in hydrocarbon production. As early as in February 2019, drilling of a new exploration well began in Poltava region. Victor Dudzich, technical director of Smart Energy, will tell us about promising technologies and what helped the company boost its production.

British company Regal Petroleum (a part of Smart Energy Group) started drilling a new extension well No. 119 at Mekhedivsko-Golotovschynske field in Poltava region.Target depth of the well is 4,850 m. The drilling is planned to be completed in the third quarter of this year, whereas production start, providing next successful well testing, - in the fourth quarter.

For 12 months of 2018 Smart Energy Group paid 1.5 bln UAH in taxes, which is twice as much as that of the previous year (850 mln UAH). Herewith, most of the charges are royalty exceeding 700 mln UAH. Out of a total of taxes more than 60 mln UAH were paid to local budgets.