For 9 months, 2021, Smart Energy Group produced 300 mcm of gas

Smart Energy group announces the production results for 9 months, 2021. The companies of the Group produced cumulatively 299.9 mcm of gas (0.8% down y-o-y) and 27.4 Ktonnes of condensate (4.1% up y-o-y). For 9 months, 2021, Smart Energy also produced 7,191 tonnes of LPG, 6.7% up y-o-y.

Despite the natural depletion of reservoir energy of productive intervals in the fields where Smart Energy companies operate, in the reported period the Group continues to keep production stable*. The average daily rate of gas production stays on the level of 1.1 mcm per day. Average daily hydrocarbons production by the companies, 9 months, 2021

Smart Energy continues to increase production volumes in Poltava region due to launch of new well #25 at Svyrydivske field. Meanwhile, the production is declining at the fields of Kharkiv region of the Group because of suspension of one of wells for workover and natural depletion of reservoir energy of productive intervals there.

This year Smart Energy has drilled well #29, at Svyrydivske field (with the depth of 5,450 m). Currently its testing is on.

In September, the Group spudded well #31 at the same field. Its target depth is 5,250 m. Drilling operations are scheduled to be completed by the end of Q1 of 2022.