Drilling & Completions | General News
Zoloto to Begin Well Recompletion, Enhanced EOR Ops in Ecuador
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Zoloto Resources Ltd. has entered into agreements to bring advanced oil and gas recovery technology into Ecuador to enhance flow rates from existing oil wells, increase initial flow rates in new oil and gas wells and to increase reservoir recovery rates by as much as 100%.
The Company will acquire interests in existing proven oil reserves as well as participate in new oil ventures. Applying the new technology to these ventures will result in improved cash flows despite the reduction of the price of oil as the flow rates are increased. Also the value of the actual reserves will be increased by increasing recovery rates by up to 100%.
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