Qyrin Petroleum Technology (QPT) is evaluating Low Risk High Yield Assets in Calgary. The field under evaluation has 3 wells currently in production, and an additional 6 wells scheduled for drilling operations. Successful completion of the drilling program of the 6 additional wells is expected to increase production yield and further enhance the value of the asset.
Continue Reading »Qyrin Petroleum Technology (QPT) draws up plans to form joint venture with the Autonomous Central Government of Aceh to develop the countries oil and gas assets comprised both brownfields and greenfields on and offshore Aceh. Aceh is located on the northern tip of the Indonesian island of Sumatra. The region is rich in natural resources such as oil and natural gas. In 1992, it was reported that Aceh provided 15% of Indonesia's total exports, and the value of the oil and gas fields was estimated in 2003 to generate US$1.2-1.5 ...
Continue Reading »Qyrin Petroleum Technology (QPT) together with Gurimas Marine & Engineering, both Malaysian Bumiputra companies is exploring onshore drilling contracts with the Bangladesh Mineral Oil & Gas Corporation (BMOGC). QPT is expected to invite Great Wall Drilling Company (GWDC), one of its strategic partners to undertake any works awarded. GWDC is a wholly owned subsidiary of China National Petroleum Company (CNPC), which is a China State Owned National oil company.
Continue Reading »Qyrin Petroleum Technology in talks with Global Maritime Consultancy (GMC) on a possible collaboration or partnering agreement to appoint GMC as QPT's Marine Spread and Offshore Engineering partner for Malaysia and Indonesia.
Continue Reading »Qyrin Petroleum Technology kicks-off preliminary discussions with Miri company on the possibility of securing an Operating Contract or Alliance for brownfield redevelopment in Miri, Sarawak utilizing QPT's proprietary and patented Enhanced Oil Recovery (EOR) technology and expertise.
Continue Reading »Qyrin Petroleum Technology (QPT) with its Indonesian partner commences discussions with Indonesian oil company to introduce its proprietary technologies and methods for oil production improvement and optimization. QPT's Indonesian partner has been involved in and serving the Indonesian Upstream O&G sector for more than 20 years and with its established relationships and track record with the National oil company, QPT expects to commence field deployment and operations in the fourth quarter of 2013.
Continue Reading »Qyrin Petroleum Sdn Bhd (QP) the Malaysian vehicle of Oilfield Development Technical Services Union (ODTSU) Beijing, sets up Qyrin Petroleum Technology Sdn Bhd (QPT). QPT is a joint venture operating company between QP and Malaysian Bumiputra partners and investors, who own 51% equity share holoding in the company.
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