Condor Energies Achieves 12,004 boepd in Uzbekistan
Calgary, Alberta - Condor Energies Inc. (TSX: CDR), a leading name in energy transition, is thrilled to announce that its daily gas and condensate production in Uzbekistan has reached an impressive average of 12,004 barrels of oil equivalent per day (boepd). This stellar achievement marks a 5% increase over the previous five-day average, reflecting the company’s commitment to enhancing production through strategic initiatives.
Enhancing Production Through Innovative Techniques
The success stems from the ongoing workover operations that target Carbonate formation intervals, where the company has seen significant production gains. Condor’s focus on identifying well candidates with favorable geologic characteristics has set the stage for future growth. Plans are underway to evaluate at least five additional wells using reprocessed 3-D seismic data combined with legacy information. This thorough process aims to uncover potential pay intervals, ensuring every opportunity for production enhancement is seized.
Utilization of Advanced Equipment
Currently, the company operates two workover rigs and a wireline unit. To further bolster its efforts, a third workover rig and an additional wireline unit equipped with advanced evaluation tools are being mobilized to Uzbekistan from a reputable North American service provider. This strategic move aims to maximize productivity and efficiency as the company continues to tap into the region's potential.
About Condor Energies Inc.
Condor Energies Inc. stands as a prominent player in the energy sector, harnessing its position between European and Asian markets. The company has carved a niche for itself through pioneering initiatives such as increasing natural gas and condensate production from its existing Uzbekistan fields. Additionally, it is at the forefront of constructing Central Asia’s first LNG lower carbon fuel diesel substitution facility in Kazakhstan. Beyond energy production, Condor is exploring significant opportunities in developing critical minerals from brines in Kazakhstan, solidifying its status as a forward-thinking company committed to sustainability.
Production Growth and Environmental Responsibility
The company’s approach not only focuses on growth but also on minimizing the environmental impact associated with energy production. By strategically increasing reserves and production levels while prioritizing ecological considerations, Condor aims to create a balanced approach to energy transition that benefits both stakeholders and the environment.
Contact Information
For further insights into the operations and strategic direction of Condor Energies, interested parties are encouraged to reach out to Don Streu, President and CEO, or Sandy Quilty, Vice President of Finance and CFO, by calling 403-201-9694. They are ready to share information regarding the company’s initiatives and future growth plans.
Frequently Asked Questions
What recent production milestone has Condor Energies achieved?
Condor Energies has reported an average daily production of 12,004 boepd in Uzbekistan.
What is the focus of the current workover operations?
The focus is on Carbonate formation intervals, where notable production gains have already been observed.
How many additional well candidates have been identified?
At least five more well candidates with promising geological characteristics have been identified for evaluation.
What equipment is being mobilized to enhance production?
A third workover rig and a second wireline unit with advanced tools from a North American-based provider are being deployed to Uzbekistan.
Who can be contacted for more information about Condor Energies?
Don Streu, the President and CEO, and Sandy Quilty, the Vice President of Finance and CFO, are available for further information at 403-201-9694.
