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Formation Evaluation And Pressure Transient Analysis For Reservoir
Characterization
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December 2024 – January 2025: GTC GLOBAL received 3 plugged wells and has achieved
stimulating them for the WAHA Oil Company in SAMAH and GALO fields. In the first well the
4”
GMG guns and GT-Enzyme were used, in the 2nd well only GT-Enzyme, while the 3rd well has
achieved production rate of 435 B/D (increase by 380%).
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January 2025 -: GTC GLOBAL is currently negotiating to stimulate over 15 wells with
ADNOC by implementing the entire project with HALLIBURTON. The plan is to stimulate 5 oil
and
gas wells as a start by June 2025, followed by the 10 other wells.
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October 2024 – March 2025: GTC GLOBAL is jointly stimulating 2 wells for REGANNE
Company, a Gas subsidiary of SONATRACH ALGERIA. The plan is to stimulate the two wells
jointly
with HESP (HALLIBURTON). GTC GLOBAL is also negotiating with SONATRACH – ALGERIA for
stimulating some trial wells.
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HAROUGE OIL COMPANY – LIBYA: a plan is set to stimulate 4 wells for HAROUGE OIL
COMPANY, a subsidiary of the LIBYAN NOC. The wells were plugged for years and have never
performed, and the plan is to bring back all the wells to their initial natural production
by
utilizing the GMG guns and GT-Bio Enzyme. The estimated date for this project is planned
for
June 2025.
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ZALLAF OIL OPERATIONS: GTC GLOBAL has already signed with ZALLAF OIL OPERATION
(Subsidiary of the LIBYAN NOC) for stimulating 4 oil and gas wells that have been plugged
or
not performing. The plan is set for May 2025 to stimulate all the wells using GMG
guns
and GT-Bio Enzyme.
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PEMEX OIL COMPANY – MEXICO: the Mexican National Oil Company (PEMEX) has entered
into
negotiation with our partner, Ce Le HUASTECA Oil Operation to stimulate 20 wells across
MEXICO
oil and gas fields. The plan is set to start by November 2025.
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TURKMNISTAN NOC: In December 2024 GTC GLOBAL has already signed an agreement
through
its agent in the State of Turkmenistan. The plan is to stimulate the total of 18 wells
with
half of them totally plugged. The project kick off is in July 2025.
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Training: GTC GLOBAL will train 16 engineers at STAATSOLIE, the Suriname
National Oil Company on the Corrosion logging tools and PLT – Horizontal wells. The
training
plan is set for the 4th quarter of 2025.
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CONSULTATION: GTC GLOBAL is currently involved in providing consultation on the
field
management with FOUR major international Oil and Gas companies. The consultation includes
avoiding the early water breakthrough, infill wells plan, utilizing the new Satellite NMR
for
predicting water seepage, and optimizing wells to increase the production.
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