The data on the Stimulation Effect Trace Sheet of Well XX-05 sent by the Sudan client(Trust Developed Projects) recently has shown that the production has increased from the previous 69 BOPD to current 163 BOPD.
On Oct.17, 2016, our CEO Mr. DUAN and manager Mr. Wu come to Beijing to conduct a in-depth discussion with the scientific management and technical team of Haimo. And our BERO product is highly recognized by the scientific management and technical team of Haimo Technologies. So we have reached an agreement on the issue that there is great market potential of the new technology to enhance the oil recovery. Finally, strategic Partnership Agreement is signed by both of parties.
Latest news: On Sep.23, the daily production has increased to 14.6 bbls of Well B-1 in the Tenth Oil Production Plant of Changqing Oilfield. Compared with the daily production of 3.87bbls before treatment, the current daily production is 15.48bbls. The effect is so obvious that has aroused tremendous responses.
The Well B-1 is located in the sandstone, where the
After the preparation work including technical communication etc in the early stage, ZFA used its independently developed product BERO to do the stimulation treatment towards Well B-1 in the Tenth Oil Production Plant of Changqing Oilfield on Aug.25, and then it shut down for 5 days and re-opened on Aug.31. And it begins to produce on Sep.2, after about 10-days’ drainage period, the current daily fluid production is 3.24 m³ with the oil production of 15.48bbls and water cut 23.44%.
In the afternoon of Jun.6, 2016, our CEO Duan and Marketing manager Wu visited the deputy mayor Wang Yongwei of Panjin City, who is in charge of the industry, and they had a frank and pleasant conversation.
During the conversation, our CEO Duan has introduced our company profile as well as our core technology to deputy mayor Wang that BERO™ biosurfactant is currently the world-leading product used for MEOR(Microbial Enhanced Oil Recovery) and it is a kind of non-active enzyme preparation using microorganism as matrix. It utilizes modern bioengineering technologies such as genetic engineering, cell engineering and enzyme engineering and can efficiently release hydrocarbon (oil) on the surfaces of solid particles.
Deputy mayor Wang is quite interested in our technology, which is both green and environmental protection. While reading our technical brochure, he raises some questions, and CEO Duan has answered them one by one. The atmosphere of technical discussion and communication is quite harmonious.
Later, our marketing manager Wu has made correspondent introduction of our market and the related achievements at home and abroad. Deputy mayor Wang expresses his affirmation as well as confidence towards the capacity of our BERO™ product with success ratio up to 90%, average annual increased production of more than 1000 bbls, average annual production increase rate of 120% and effective period of more than 12 months.
At last, deputy mayor Wang has extended warm welcome to our joining in, and gives us some suggestions on our entering Panjin City as well as the further development. And we benefit a lot from this frank communication.