OilWellCoin is the first project in the world aimed at solving the problem of financing and developing the oil industry on the basis of blockchain technologies. It is created by a group of professionals with more than 40 years of experience in oil exploration, software development, and law.
The basis of the project is the OilWell platform, which is created to promote the liberalization and transparency of processes in the oil product market.
The strategic goal of the OilWell project is to implement innovative blockchain-based financing mechanisms in the oil production, refining, and marketing industries, which will reduce the threshold for investors to enter the business and increase capital inflows into the industry. OilWell platform will allow anyone to become a member of the oil business.
Obtaining a license to develop a site owned by the company.
Collection of geological and technological materials for the analysis and subsequent development of the production plan.
Preparation of production plan and development of project documentation.
Improvement of the concept to the platform of financing and development of the oil production and refining industry based on blockchain technologies.
Passing the state examination. Registration status and registry gift certificates. Start of sales of discount certificates.
Sale of discount certificates and the decision to choose one of the scenarios of the project. Start The Certificate Management System.
Purchase and supply of equipment and special equipment for repair and restoration works and testing of oil horizons in previously drilled wells. Capital construction within the production zone (in-field oil pipelines, oil collection and treatment point).
Performance of repair and restoration and preparatory works. Geological exploration: seismic exploration; drilling exploration and production wells. Testing of oil horizons in existing wells.
Q4 2019 onwards
Commercial exploitation of the field and further development of the platform.