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 for the development of the company's owned plot
Collection of geological and technological materials for analysis and subsequent development of the production plan
Drawing up the production plan and development of project documentation
Upgrading the concept to the financing platform and development of the blockchain technology-based oil production and refining industry
State examination. Registration of the position and register of discount certificates. Started sales discount certificates
Sale of discount certificates and making a decision on choosing one of the project development scenarios. Launch of Certificate Management System
Acquisition and supply of equipment and special equipment for repair and rehabilitation works and testing of oil perspective horizons in previously drilled wells. Capital construction within the production zone (oilfield pipelines, oil collection and treatment station)
Repair and preparatory work. Geological exploration: seismic exploration; drilling of exploration and production wells. Test of oil perspective horizons in existing wells
Industrial exploitation of the field and further development of the platform