BAKU, Azerbaijan, Apr. 20
By Ilkin Seyfaddini - Trend:
The US Epsilon Development Company has announced that after workover, the company obtained an industrial inflow at Garbiy Ernazar-2 well with a daily debit of 200,000 cubic meters of 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.
All extracted hydrocarbons are being supplied to the domestic market to cover the needs of 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 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.
To date, the company has discovered seven new fields with the growth of gas reserves exceeding 26 billion cubic meters.
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