Uzbekistan ups oil output
The US Radial Drilling Services Inc will carry out the radial
drilling of 40 wells at the oil fields in Uzbekistan, a
representative of the Uzbekneftegaz National Holding Company told
Trend.
The representative said that the work worth around $6 million will
be implemented within the contract on radial drilling in the fields
of Shurtanneftegaz unitary subsidiary enterprise, JSC Andijanneft
and JSC Jarkurganneft.
The contract was concluded between JSC Uzneftegazdobycha (a
division of Uzbekneftegaz) and Radial Drilling Services Inc.
A radial drilling technology is planned to be used to intensify the
production at the oil fields.
Currently, Uzbekneftegaz is implementing a project to increase oil
production from the fields of the Surkhandarya oil and gas region.
The country’s main reserves of heavy oil are concentrated
there.
The total cost of the project is $59.3 million. The implementation
period is 2013-2036. The oil production growth is expected to reach
60,000 tons per year after the project is completed.
Due to the depletion of deposits production of liquid hydrocarbons
(including oil) has been decreased in the recent years in
Uzbekistan. Data on the volume of produced oil is undisclosed.
Works on radial drilling of existing wells throughout the country
will enable to both intensify the production and bring hard-to
recover reserves into production with an average growth in flow
rate up to three tons per day, according to agency’s spokesman.
As it was reported earlier, Uzbekneftegaz implements a program to
increase the production of hydrocarbons at several existing fields.
Until the end of 2020, it is planned to implement further
development of oil and gas fields with a total value of $2.35
billion.
In general, it is planned to conduct deep drilling at more than 100
sites with the participation of foreign companies offering their
experience of advanced technologies for enhanced oil recovery in
fields with hard-to recover reserves.
Uzbekistan with the existing volumes of hydrocarbons is provided
with proven oil reserves for 21 and with condensate for 25 years,
according to the data of Uzbekneftegaz.
Capacity of Uzbekneftegaz NHC allows ensuring the production of
liquid hydrocarbons in the volume of eight million tons per
year.
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