BAKU, Azerbaijan, Dec. 9
By Fakhri Vakilov - Trend:
Epsilon Development Company has announced that after hydraulic fracturing on Dec.8, the daily production rate of the Ilm-5 well was increased from 30,000 to 80,000 cubic meters of gas, Trend reports citing the company's statement.
The hydraulic fracturing was carried out jointly with Uzbekistan’s Uzbekneftegaz oil and gas company.
Recoverable gas in accordance with the government's decision, will be provided to the population.
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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