BAKU, Azerbaijan, Feb. 3
By Ilkin Seyfaddini – Trend:
The US Epsilon Development Company has announced that after 350 meters long horizontal drilling procedures followed by hydraulic fracturing, the daily production rate at the Khujum-3 well increased to 500,000 cubic meters of gas, Trend reports citing the company's statement.
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 blocks.
