Condor Energies Inc. (“Condor” or the “Company”) (TSX), a Canadian energy transition company, has announced the start of a multi-well workover campaign for the eight gas-condensate fields it operates in Uzbekistan.
The initial phase of the workover campaign will involve several key activities. Proven artificial lift equipment will be installed to improve gas flow rates and increase well uptime. Newly identified pay intervals will be perforated to access additional gas reserves, and downhole stimulation treatments will be applied to enhance well productivity. Identified water intervals will be isolated to prevent water ingress and maintain gas production efficiency.
With over 100 wells associated with the project, both existing and shut-in wells will be continually evaluated for further optimization opportunities. Additionally, the Company has commenced the construction of the first in-line flow separation unit, which separates water from the gas streams in the field, thereby reducing pipeline flow pressure and enhancing reservoir flow rates.
Since assuming operations on March 1, 2024, Condor has successfully mitigated the natural production decline rates of the project, which previously exceeded 20% annually. The company has achieved an average production rate of approximately 10,000 barrels of oil equivalent per day (boepd) in the second quarter to date. This success has been attributed to several measures, including the introduction of downhole surfactants to lift produced water more effectively, optimization of well choke sizes, implementation of facility upgrades, and adoption of new operating methodologies.
Don Streu, President and CEO of Condor, commented on the progress, stating:
“We have flattened the Project’s natural production decline rates and introduced measures to increase efficiency. We are also undertaking a fugitive emissions mitigation program to reduce greenhouse gases. Our goal is to continue sourcing and applying proven technologies to materially increase gas production rates, add additional recoverable reserves, and reduce emissions while collaborating closely with Uzbekistan’s national gas company to exchange best practices.”
Uzbekistan is a resource-rich nation with the world’s 17th largest natural gas production and the second-largest gold production from a single mine. The country has undergone extensive economic reforms, leading to a tenfold increase in international investment over the last six years. Sustainable energy is a top priority for the Uzbek government, which aims to increase natural gas production and maximize recoveries from existing fields while also expanding renewable power production.
Condor Energies is a TSX-listed energy transition developer focusing on diverse initiatives in Central Asia and Türkiye. The company’s portfolio includes producing gas assets, a project to construct and operate Central Asia’s first LNG facility, and a separate lithium brine development project. Condor aims to grow its reserves, production, and cash flow while minimizing its environmental footprint.
Comments (0)