Petroservice has carried out dozens of exploratory works since its establishment near the end of 2014, mainly in Belarus, Kazakhstan, Krasnodar and Samara, which contributed to the discovery of many oil reservoirs, confirmed by the results of the drilling, knowing that many of these discovered reservoirs are currently under Investment. It also showed that many of the traps discovered in traditional ways are dry, which helped to avoid the drilling of exploratory wells in these traps, and helped to save large sums of money estimated at tens of millions of dollars that would be spent on the drilling without success and gave the possibility to invest them in Other development projects, in addition to saving time, great efforts, which will be spent without usefulness on those operations.
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Petroservice wins the trust of the Presidency of the Council of Ministers of Belarus
It is worth mentioning that the Presidency of the Council of Ministers of the Republic of Belarus and as a result of the great success achieved by the company in the works carried out by EMAF in many different places in the territory of this Republic in determining the places of oil accumulations, dry structures, and because of the great reducing in exploration risk , has directed through An official written letter to use the company's method of research in all exploratory works to be carried out in its territory and advised to expand its scope beyond the borders of the Republic.
No to dry wells
Saving millions of dollars by avoiding exploratory drilling in dry structures is an inevitable consequence of EMAF-style reliance. In most cases, the cost of an onshore drilling exploration well is about 4 million USD and can in many cases exceed 7 million USD. The average cost of drilling an offshore well is estimated at 30 million USD and in some cases may exceed 100 million USD. On the other hand, statistics indicate that the percentage of an exploratory risk wells in the wildcatters (i.e, the ones that were drilled for the first time) 25 years ago, were in the United States of America (one of the most developed countries in this field) about 90% and improved to about 44% in the current time. The figures mentioned above clearly indicate the efforts, and the exorbitant costs, which are being spent worldwide, on the drilling of dry wells without any economic feasibility; It also points to the importance of existing a scientific way to avoid the large losses of countries in the money and efforts lost, and to use them in other vital and developmental projects.