Smart Energy surges to 1 million cubic meters in daily production of natural gas
Smart Energy Group achieved an important strategic goal – production of 1 million cubic meters of natural gas per day.
This was possible by the implementation of a number of successful drilling and well workover projects. The last of them was a project for re-entry of Well №1 at Ostroverkhivsky natural gas condensate field in Kharkiv region. This well is located on the licensed site of Ukrgasvydobotok (Smart Energy Group) and belongs to the state-owned Ukrgazvydobuvannya company, which has an agreement for joint cooperation with Smart Energy Group.
The inflow rate of 1 million m3 / day inspired Smart Energy Group to move forward with other production enhancement plans. Noteworthy, that only in 2019 Smart Energy Group invested UAH 1 billion into their natural gas production.
EXPRO Reference: Smart Energy Group, a part of Smart Holding, does hydrocarbon E&P projects in Ukraine.
The oil and gas business of Smart Energy is represented by Ukrgazvydobutok Private Joint Stock Company (Kharkov region and a public British company Regal Petroleum with assets in the Poltava region (Representative office of Regal Petroleum Corporation Limited) and in Kharkiv region (Prom-Energo Product LLC).