June 14, 2016 LLC “Arab Energy Alliance UA” has begun to work over of the well number 17 Belousovsky oil and gas condensate field, located in the Poltava region.

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Exploration drilling in this area was conducted in 1975 ÷ 1986 when it was drilled a number of exploration wells, but wells operation was characterized by a sharp decline in the reservoir and the wellhead pressure, flow rates of gas and condensate. In 1986, taking into account the termination of the hydrocarbon production from the…