Condor Energies Inc. (“Condor”) (TSX:CDR), a Canadian based energy transition company is pleased to announce the initiation of a multi-well workover campaign for the eight gas-condensate fields it operates in Uzbekistan (the “Project”).
This initial workover campaign includes installing proven artificial lift equipment to yield higher gas flow rates and increase well uptime, perforating newly identified pay intervals, performing downhole stimulation treatments, and isolating identified water intervals. With over 100 wells associated with the Project, both existing and shut-in wells will continue to be evaluated for optimization opportunities. The Company has also started construction of the first in-line flow separation unit, which separates water from the gas streams in the field, rather than at the production facility, thereby reducing pipeline flow pressure that can lead to higher reservoir flow rates.
Don Streu, President and CEO of Condor commented: “Since assuming operations on March 1, 2024, we’ve flattened the Project’s natural production decline rates, which previously exceeded 20 percent annually, while producing an average of approximately 10,000 boepd in the second quarter to-date. This has been achieved by introducing downhole surfactants that lift produced water more effectively, performing well choke-size optimizations, implementing facility upgrades, and introducing new operating methodologies. We are also undertaking a fugitive emissions mitigation program to reduce greenhouse gases for the Project. We will continue to source and apply proven technologies intended to materially increase the gas production rates, add additional recoverable reserves and reduce emissions, while working closely with Uzbekistan’s national gas company to exchange best practices”.