First half of 2018 results. Stimulation operations. 

During first half of the year our company has completed more than 50 operations. Major completed stimulation operations were completion jobs: significant portion were hydrochloric treatments with coiled tubing unit. As well we would like to notice that percentage of operations performed without well killing (comparing with the same period of 2017 and 2018) remained the same, although operations demonstrated high efficiency and performance. Comment out operations quantity reduction: applied treatment methods and chemical solutions allow to get longer lasting effect, that avoids wells re-treatment necessity during 12-16 following months. At the same time completion operations quantity grew: it owes to production companies activity upswing. Completion operations are the part of productive layers exploration and stimulation complex. The operations are widely used by many operators, that lets them choose the best well production conditions. It’s worth noting that our company applies proprietary design chemical solutions developed in collaboration with specialists of V. N. Karazin Kharkiv National University Research Institute of Chemistry.

V International Conference of Newfolk Oil and Gas Consulting Center.

Region participated in V International Conference of Newfolk Oil and Gas Consulting Center. Our report represented answers to market requirements of new production stimulation technologies application. Throughout the conference producer companies’ representatives complained, that service companies follow past practices and raise money without development investments. Our report presented new well stimulation technologies with chemical solutions developed by our specialists using scientific resources of one of the oldest and the most authoritative universities of the country - V. N. Karazin Kharkiv National University. Our technologies effectiveness has been proved by stimulation operations performed, with assured production volume gain. Such success was a result of scientific developments and technical brainchild alliance. Our company is ready to meet market requirements, and promptly response to its inquiries to realize scientific and technological opportunities of independent Ukraine.

IDC Security Roadshow 2018: IT security as business priority.
Cyber security matters are becoming more critical every year, and we are not trying to avoid their solution, first of all trying to use actual threat countermeasures.   Via attending the conference we’ve got a chance to communicate to targeted IT industry representatives (ERC, Lattelecom Ltd., special thanks to company ESET representatives) and to receive forecasts about cyberspace dangers awaited in new year  .  Forewarned, forearmed.  We thank the event manager -  IDC (International Data Corporation) – leading content and  advisory services provider.

In November 2017 company Region in cooperation with company Haliburton successfully performed matrix acidizing operations on the well No.51 of Machuchske field for company DTEK NAFTOGAS.
It bears mentioning diligent approach of all parties while preparation of this tripartite project, which included machinery and equipment adaptation for working fluids and pumping pressure parameters, modeling of working fluids and reservoir interacting in situ, as well as based on the core materials and geological data composition preparation. Reservoir acidizing was performed on back pressure in the depth of 5300m with formation temperature 140 °С in conditions of abnormal formation pressure. As a result of successful work program performance, the well reached operation conditions very quickly and doubled its deposit characteristics.