Del Mar Energy Inc. Launches a New Oil Production Project
Del Mar Energy Inc., one of the leaders in the global energy sector, has announced the launch of an ambitious new project to develop a major oil field. This new asset, located in a strategically important region, represents a key step toward expanding the company’s production capacity and strengthening its position in the international market.
Years of geological exploration have confirmed significant oil reserves—approximately 100 million barrels. According to company experts, this project not only holds substantial economic potential but also serves as an example of how innovative technologies can transform a traditional industry.
Michael Latham, CEO of Del Mar Energy Inc., emphasized the importance of the launch: "This project is much more than just the development of another oil field. It is an opportunity to demonstrate how a responsible approach to resources and the implementation of modern technologies can fundamentally change oil production. We aim to create not just successful projects but also a positive legacy for the local community and the region’s environment. We are proud to be working on an initiative that will strengthen energy security and support local economic growth."
The company plans to implement the project in several phases. Initial efforts will focus on building infrastructure and launching drilling operations. During the initial phase, production volumes are expected to reach 50,000 barrels of oil per day, with gradual increases in capacity. To achieve this, Del Mar Energy Inc. will utilize the most advanced technologies, including horizontal drilling and intelligent well monitoring systems.
Particular attention will be given to environmental considerations. Del Mar Energy Inc. is committed to minimizing its environmental impact by employing modern solutions to reduce carbon emissions and ensure efficient water use. The company underscores that sustainable development is a core element of its corporate culture.
The economic impact of the project will be significant. Thousands of jobs are expected to be created, including positions for engineers, construction workers, and technical specialists. Additionally, the project will serve as an important source of tax revenue, contributing to the development of social and transportation infrastructure in the region.
The launch of the first phase is scheduled for the second quarter of 2025. The company is confident that this project will mark a major milestone in Del Mar Energy Inc.’s continued growth and further strengthen its position in the global energy market.
