BAKU, Azerbaijan, Dec. 4
By Fakhri Vakilov - Trend:
Epsilon Development Company has announced that after hydraulic fracturing on Dec.4, the production rate of two inactive wells in the Koratepa field in Uzbekistan amounted to 140,000 cubic meters of gas and 5 tons (36.6 barrels) of oil per day, Trend reports citing the company's statement.
The hydraulic fracturing at the oil and gas condensate fields of the Kashkadarya region was carried out jointly with Uzbekistan’s Uzbekneftegaz oil and gas company.
The daily production rate of the Koratepa-1 well increased to 80,000 cubic meters of gas and 3 tons (21.9 barrels) of oil.
The daily production rate of the Koratepa-8 well increased to 60,000 cubic meters of gas and 2 (14.6) tons of oil.
According to government’s decision, all hydrocarbons are sent strictly to the domestic market, the report 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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