Smart Energy produced 390 mcm of gas in 2021, which is 2.6% less than in 2021

For the reported period the Group has

•  produced 390 mcm of natural gas and 35 th tons of condensate,
•  put into operation one new well and spudded four new wells,
•  successfully completed two workovers,
•  put into operation the upgraded inhibitor facility at Svyrydivske field and started upgrade of the temporary metering and separation station (TMSS) of Mekhedivsko-Golotovshchynske field,
•  received the independent assessment of the reserves and contingent resources of Svystunkivsko-Chervonolutske field by independent consultants, DeGolyer and MacNaughton.

For 2021 the total production volume of natural gas by the companies of the Group made up to 390.1 mcm, 2.3% down than in 2020. Meanwhile, the Group increased production of gas condensate by 2% (35.4 th tons for 2021), as well as LPG production by 3.6% (9.5 th tons in 2021).

“Last year was a year of return to a usual work mode and a year of increasing gas price. That let us to intensify our activities in implementing our production programme but the results of all these activities are to become obvious in a year at least and just in case of tax and investment environments stability in the country,” comments Sergii Glazunov, CEO of Smart Energy Group.