• June 5, 2015 Posted on Latest News, 0 Comment

    Qyrin Petroleum Executes CSPA

    Friday 5th June 2015: Qyrin Petroleum Technology finalises and executes a Conditional Sales and Purchase Agreement with regards to the proposed acquisition of an EOR Joint Operation Contract (JOC/KSO) in Indonesia. The CSPA was signed post completion of technical appraisal and site due diligence by Qyrin's in-house subsurface and E&P technical team. The management is finalising its 10-year production and development plan for the asset and expects to commence implementation in the 3rd quarter of 2015. Qyrin anticipates deployment and application of its proprietary EOR technologies and techniques to optimise ...

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  • May 28, 2015 Posted on Latest News, 0 Comment

    Qyrin Commences Technical Due Diligence in Prabumulih

    May 22, 2015: Senior management and senior members of Qyrin's technical team commenced technical and site due diligence on several oilfields in Prabumulih, South Sumatera. The due diligence exercise is inline with Qyrin's proposed investment and acquisition of equity interest in currently producing concessions in the region.

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  • February 16, 2015 Posted on Latest News, 0 Comment

    Qyrin Petroleum visits coastal Oilfield in Bohai Bay

    February 6th, 2015: The board and management of Qyrin Petroleum together with their Beijing partners make a visit to leading edge coastal oilfield in Bohai Bay. The only one of its kind in the world, employing proprietary and the latest technologies and patented engineering and design - the offshore production "platform" requires only 25% of the normal manpower required of comparable production platforms, and is engineered to operate with very low maintenance. While standard production platforms require a minimum yearly maintenance (major), the Bohai Bay platform scheduled maintenance is done only ...

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  • November 11, 2013 Posted on Latest News, Comments Off on Qyrin signs MOU with Thai partners

    Qyrin signs MOU with Thai partners

    Qyrin Petroleum on the 10th of November 2013 signed an MOU with an established local (Thailand) based company. The MOU outlines the counter parties roles and responsibilities, as well as defines the targeted nature and scope of business that both parties have set out to pursue and successfully establish in Thailand and the surrounding geography. Qyrin has been offered the option to provide its proprietary Oilfield Technical Services and expertise, specifically Qyrin's Microbial Enhanced Oil Recovery (MEOR) technologies, and its wealth of experience in UCR like Heavy Oil extraction.

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  • October 14, 2013 Posted on Latest News, 0 Comment

    Qyrin Petroleum Technology evaluates Thai Onshore Brownfields

    Management of Qyrin Petroleum Technology concludes cursory discussions with an established Thai company on a proposed joint venture to provide oilfield technical services and specifically Qyrin's Improved Oil Recovery (IOR) and Enhanced Oil Recovery (EOR) technologies and proprietary expertise to optimize production of existing brownfields in Thailand. The assets under consideration have more than 200 wells and currently averaging 2000 bpd production.

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  • August 5, 2013 Posted on Latest News, Comments Off on Indonesian Brown and Marginal Fields Play

    Indonesian Brown and Marginal Fields Play

    Qyrin Petroleum Technology progresses with evaluation of Brown and Marginal fields in Java and Sumatra, Indonesia. The company has obtained preliminary data and production economics of several small to medium sized operational fields, and is assessing the most suitable commercial options for the company's participation in the said fields. Qyrin estimates the investment requirement to range between USD30-50m depending on acreage, recoverable reserves, as well as the remaining life of the concessions.

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  • July 24, 2013 Posted on Latest News, Comments Off on Qyrin Evaluating Low Risk High Yield Asset in Calgary

    Qyrin Evaluating Low Risk High Yield Asset in Calgary

    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.

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  • July 22, 2013 Posted on Latest News, Comments Off on Qyrin to Enter Aceh Oil and Gas Market

    Qyrin to Enter Aceh Oil and Gas Market

    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 ...

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  • July 22, 2013 Posted on Latest News, Comments Off on QPT Eyeing USD250m BMOGC Drilling Contracts

    QPT Eyeing USD250m BMOGC Drilling Contracts

    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.

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  • July 20, 2013 Posted on Latest News, Comments Off on QPT-GMC Technical Collaboration

    QPT-GMC Technical Collaboration

    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.

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EOR Technologies and Solutions

1) Design and customization of marine and continental oilfield water flooding project; water quality reliability system optimization; customization, reconstruction and repair of water injection well pattern
2) Stable production and yield integrated technology in mid and end-of-life (EOL) oilfields
3) Search, evaluation and development of remaining oil (including the marginal oil) in mid and EOL oilfields
4) Integrated technology of extending the development life of oilfield (including the unique trace elements and microbial technology)
5) Integrated technology of developing cluster wells, horizontal wells (including the old production platform sidetracking wells) and multilateral wells of marine and continental oilfield production platform economically
6) Unique logging integrated technology of production dynamic monitoring in each stage of oilfield development
7) Appraisal of all types and stages of oilfield being developed, fine description of development geology, comprehensive evaluation research, enhanced potential and risk assessment

Contact Information

Email:info@http://qyrinpetroleum.com
Web:www.qyrinpetroleum.com

Beijing, China Office：
5th Floor, Jinlan Building B Block, No. 2 North Loop Road, Changping, Beijing, China.

Seattle, Washington Office：
15149 SE 48th Drive Bellevue, Washington 98006, USA.