BAKU, Azerbaijan, Dec. 7
By Fakhri Vakilov-Trend:
Epsilon Development Company continues to increase the productivity of wells in the fields in the Kashkadarya region of Uzbekistan, developed jointly with Uzbekistan’s Uzbekneftegaz oil and gas company, Trend reports citing the company's statement.
The company claims that after hydraulic fracturing, on December 6, the flow rate of two wells in the North Kultak and Ilm fields amounted to 160,000 cubic meters of gas per day: the daily production rate of the North Kultak-82 well increased from 40,000 to 100,000 cubic meters of gas and daily flow rate of 60,000 cubic meters of gas was received from previously inactive Ilm-11 well.
The emphasis is on increasing the productivity of production wells, exploring and identifying promising new hydrocarbon deposits, their development and increasing the volume of extracted raw materials. Recoverable gas in accordance with the government decision in full is sent to the population, the report said.
In order to prevent harmful effects on the environment, upon completion of the work, soil reclamation will be carried out in the adjacent territory, including using reagents.
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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