BAKU, Azerbaijan, Mar. 3
By Ilkin Seyfaddini - Trend:
The US Epsilon Development Company working in Uzbekistan has announced that after 300-meter-long horizontal drilling and hydraulic fracturing with the use of gas condensate, the total daily production rate at the Chigil-4 well increased to 350,000 cubic meters gas per day, Trend reports with reference to the company.
The hydraulic fracturing was carried out jointly with Uzbekistan’s Uzbekneftegaz JSC oil and gas company.
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 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 at Kultak-Kamashi, Mubarak, Surkhan, Ashibulak, Koskudyk and West Fergana investment blocks.
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