Tashkent, Uzbekistan, Jan. 13
By Demir Azizov- Trend:
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 Jan. 13.
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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