China Rongsheng Heavy Industries announces results in oil production of new wells in Kyrgyzstan project

China Rongsheng Heavy Industries Group Holdings Limited announces, that the oil production of new wells has continuously achieved satisfactory results in the Kyrgyzstan project , the company said in its press release. Up to present, the drilling works of the five new oil wells in the Kyrgyzstan project have been completed, four of which have achieved satisfactory results in the oil production, while the remaining one is calling for perforating charges for the process of perforation. One of the four new wells has already completed the V - layer perforation and initially recorded an average daily production volume of 63 barrels of oil . Despite at this stage the perforating thickness is only 8 meters in the III - layer of the oil reservoir of another new well , with approximately total thickness of 20 meters , its avera ge daily production volume of oil reached 128.9 barrels after perforation and still pending for fracturing to further increase the production . In addition, the new well which completed fracturing , as previously announced, has recorded an average daily production volume of approximately 174 barrels of oil , which proves the good progress achieved in increasing the oil production.