The natural gas business is accelerating again, and the construction of two new wells is accelerating
Recently, the construction of two new wells for the groups natural gas project is accelerating. The project covers the entire process of site and road survey, construction scheme design and preparation, and construction. After completion, the group will continue to be responsible for station operation and maintenance, and create high standard, one-stop technical service solutions for customers.
Since the group started its wellhead natural gas recovery business in 2021, it has accumulated rich experience in ground construction of stations and continuously improved its engineering service technology capabilities. At present, the group can provide complete sets of natural gas processing (three-phase separation equipment for water, hydrocarbons, and crude oil), compression equipment, integrated design solutions, feasibility reports, engineering design, and EPC general contracting services for natural gas compression devices. It has also built multiple international standardized well sites and has an experienced and technically proficient technical team and post operation team. With the above advantages, the group has recently successfully won the bid for the natural gas recovery and processing business of Algeria National Petroleum Company, marking the official expansion of the natural gas business overseas and achieving a major breakthrough.
As of now, the group has cumulatively put 13 natural gas wells into operation, with a daily processing capacity of up to 300000 cubic meters of natural gas and up to 100 tons of condensate oil. After the two new wells are put into operation, it is expected that the daily natural gas processing capacity will increase by another 100000 cubic meters. The group will continue to promote the capacity building of natural gas projects and increase capital investment, expand domestic and international markets with high technological standards and high-quality service capabilities, and lay a solid foundation for the vigorous development of natural gas projects.