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Condor Energies Reports Uzbekistan Q3 Production, Provides Operational Update
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Condor Energies Reports Uzbekistan Q3 Production, Provides Operational Update
Oct 17, 2024 1:28 PM

08:36 AM EDT, 10/16/2024 (MT Newswires) -- Condor Energies ( CNPRF ) on Wednesday said production at its Uzbekistan operations averaged 10,010 boepd with corresponding sales of $19 million for the third quarter.

The company also provided a third-quarter operational update for its eight gas field production enhancement project in Uzbekistan.

Condor began a multi-well workover program during the quarter. Seven artificial lift systems (plunger lifts) have been installed with the first three wells adding 330 boepd of incremental production. The corresponding gas flow rates are 100% to 300% higher, based on 24-hour production tests. The four other wells are currently being reactivated and expected to be producing shortly.

The workover program will also perforate by-passed and new gas reservoir intervals that were recently identified from an ongoing logging program and detailed reviews of the existing well stock.

Condor is installing an in-line flow separation system which separates water from the gas streams at the field gathering network rather than at the production facility. This will reduce pipeline flow pressures that can lead to higher reservoir flow rate, it said.

A second workover rig has been contracted and will begin activities early next month.

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