Munsback, Luxembourg (PRWEB) June 4, 2010
Uni Oil and Gas Partners is a Luxembourg based oil and gas exploration and production company. Uni is currently partnering with oil services providers in the United States in an effort to dramatically broaden the scope of their operations. Along with acquiring established, producing wells in Texas’ Mid-continental and Permian Basin Regions Uni is conducting exploration in a widening range of America’s existing oil and gas fields. A spokesperson fo Uni Oil and Gas Partners, explained after a recent Uni board meeting that this concerted effort at establishing an even broader base in the US is aimed at mitigating the risks associated with exploration, and also reducing costs across the full range of activities it under takes. “It is our strategy to decrease risk and bring down costs at the same time, and thus provide a higher rate of return by exploiting these proven areas of production so that we are better positioned to compete with the much larger oil producing giants who are involved with projects of a much grander scale.” He further explained, “Uni’s US operations will also entail the use of the newest and most advanced technologies to re-work existing wells. We have already become involved in, and seen positive results from, many older and new projects that were not possible or cost effective prior to the new technologies becoming viable alternatives to those of the past.”
From its inception Uni Oil and Gas Partners has invested in the onshore sector in an effort to keep costs in line, and it will continue to be Uni’s long-term strategy for profitability and long-term growth. With the offshore sector currently in flux, and regulations becoming stricter every day, Uni is well positioned to take advantage of the current climate within the industry and build on its previous onshore success without taking the same high profile risks that those vested offshore are tied to. “Uni is showing a good rate of growth the last couple of years, despite the obvious volatility of our market and the ever increasing regulations and operating costs associated with our work. We forecast that over the next three to five years our rate of production will continue to increase commensurate with our reliance upon our longstanding business plan and strategy,” Uni's spoksperson added.
Uni has an aggressive expansion plan for the US, and most specifically Texas and the Barnett Shale zone. It is their intention to capitalize on the throttling down of offshore drilling by the majors and exploit what used to be considered a minor niche in the US’s exploration and production industry, Texas oil sands. Uni’s strategy is to stress not only the exploration and production aspects, but to also rely on comprehensive programs for protecting the environment and safety.
About Uni Oil and Gas
Uni Oil & Gas Partners mainly engage in oil and natural gas exploration, development, production and sales. They are a growth oriented independent oil and gas concern with many projects situated in the Mid-continental Region of the United States. In conjunction with their established track record of achievement in profit producing projects they have excelled in the development of their reserves and exploration drilling as well.
Uni has a strategy of drilling low risk oil and gas prospects; typically areas within Texas already established for having excellent production. The company's area of expertise is in obtaining superior quality leases in long proven fields that are surrounded by existing production. Uni Oil & Gas Partners have assumed principal responsibility on many key oil and gas projects within Texas and they have significant experience in projects throughout the Permian and Fort Worth Basin Regions.
Uni Oil & Gas Partners offer a comprehensive spectrum of services to the upstream, midstream and downstream oil and gas sectors. Interested parties are encouraged to contact Uni Oil and Gas Partners for more information.
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