Mitro International became the golden participant of the Investment Forum of Turkmenistan in Dubai
Mitro International Limited has become a gold participant in the International Forum on Attracting Foreign Investment in the Energy Sector of Turkmenistan, which will be held on April 26-27, 2023 in Dubai, UAE.
Mitro International Limited, founded in 2000, aims to invest in oil operations in the fuel and energy sector of Turkmenistan, in particular - the search, exploration and development of oil and gas fields.
In June 2000, a Production Sharing Agreement was signed regarding the development of the Hazar contractual territory at the Eastern Cheleken field. A year later, Mitro International Limited became a full participant in the Agreement and has been successfully developing the Eastern Cheleken field since that moment.
Mitro International Limited pays special attention to modern methods of exploration of deposits and wells. Thus, during the implementation of the project, more than 70 wells were built at the Eastern Cheleken field. To intensify production at the field, a mechanized method of operation is being carried out using installations of electric centrifugal pumps and rod depth pumps.
Some facts related to the company's activities:
– Since the beginning of the project for the development and development of the Eastern Cheleken field, more than 760 million US dollars have been invested.
– The accumulated volume of crude oil production is over 5,900,000 tons. The state's share amounted to more than 2,845,303 tons.
– In order to increase production from the lower red-color stratum formations, it is planned to conduct hydraulic fracturing with subsequent oil production.
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