Condor Energies Inc. (“Condor”) is a TSX-listed energy developer with diverse initiatives in Central Asia.
Uzbekistan
Uzbekistan Gas
Uz Gas Field Production Enhancement
Condor initiated operations of a Production Enhancement Services Contract in March 2024, and is the first Western strategic operating partner of the national holding company.
Highlights
10,000
boepd from 8 fields with over 100 wells
100
Well inventory provides abundant workover opportunities
19
Q3 2024 sales of gas and condensate
8
Producing gas-condensate fields
77
Active wells
39
Shut-in wells
- Uz reservoirs are larger analogs of Western Canada’s Charlie Lake and Midale Platform Carbonates
- Have already flattened +20% annual production decline with initial optimization efforts
- +100 well inventory provides abundant workover opportunities to grow production and revenue streams with proven Western technologies
- Condor’s established presence provides opportunities for continued growth in Uzbekistan
Production and cashflow growth using proven Western technology
Multiple current activities deployed to increase production rates and recovery factors.
- Uzbekistan’s first ‘In-Line Field Separation’ was installed in early November and is operating
- Separates liquids from gas streams in the field, allowing higher flow rates from gas reservoirs
- Infill drilling and well deepening programs planned for 2025
- Currently reprocessing 3-D seismic data to validate subsurface mapping and identify deeper targets
- Evaluating proven multi-lateral well applications that could significantly enhance production rates and reserves
- Multi-well workover program underway for +100 well inventory
- Increasing gas rates by perforating bypassed pay zones, installing artificial lift, and downhole stimulation with modern equipment
- Given program’s early successes, a 2nd w/o rig is now operating
- Exceeding expectations on ‘Plunger lifts’ installed that remove wellbore fluids more effectively – 10 deployed to-date and being optimized