Enwell Energy extends license for Svyrydivske field for 20 years.

The British oil and gas company Enwell Energy plc (formerly Regal Petroleum) has extended the special permit for Svyrydivske gas condensate field in Poltava region.

According to the company's statement on the London Stock Exchange, the application for a license renewal for a period of 20 years was granted on December 24, 2020.

The expected economic development period of Svyrydivske field, based on the assessment carried out by DeGolyer and MacNaughton as of December 2017, is 2042.

As reported, at the end of November 2020, Enwell Energy extended the special permit for Mekhedivsko-Golotovschynske gas condensate field (Poltava region).

The license for Svyrydivske field for a period of 20 years since July 2004 has been owned by the representative office of Regal Petroleum Corporation Limited.

The majority shareholder of Enwell Energy, which owns 82.65%, is Pelidona Services Limited (Cyprus) of Vadim Novinsky's Smart-Holding Group.

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