BAKU, Azerbaijan, Nov. 19
By Fakhri Vakilov - Trend:
Epsilon Development Company has stated that after hydraulic fracturing on Nov. 18, the flow rate of 50,000 cubic meters per day was received from previously inactive Akhirbulok-1 well in Uzbekistan, Trend reports citing the company's statement.
The hydraulic fracturing was carried out jointly with Uzbekistan’s Uzbekneftegaz oil and gas company.
Upon completion of the work, soil restoration will be carried out in the wells, the company said.
The main activities of Epsilon are prospecting, exploration, production and transportation of hydrocarbons and flare gas and oil; construction of industrial facilities; construction of transport communications.
One of the missions of the company in Uzbekistan is to develop and progress new and sustainable energy projects, which will serve as a catalyst for socio-economic development at both regional and national levels.
For the implementation of projects in Uzbekistan, a consortium of investors has been established with the Thyssen Krupp (Germany), Epsilon Development Company, and Epsilon Asia Limited (Hong Kong).
In the framework of joint activities, Epsilon has already commenced large-scale exploration within the Kultak-Kamashi, Mubarak, Surkhan, Ashibulak, Koskudyk and West Fergana investment blocks.
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