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Cost-efficient, enabling technologies for keeping and increasing the reservoir recovery rate of oil-formations with high water cut of produced fluids and exhausted resource are really essential. One of the easiest but short-term ways to increase oil production and incomes at development of oil deposits is cost of development and capital cost reduction. Therefore, optimal choice and proper feasibility study on the facilities for multilayer oil fields development, especially at the late stage of reservoir working, is a crucial issue for now-day oil industry. Currently, the main oil pools do not reach the design point of coefficient of oil recovery. The basic feature of the late stage of reservoir working is the progressing man-made impact on productive reservoir because of water injection increasing for maintaining reservoir pressure. Hence cost-efficient, enabling technologies for keeping and increasing the reservoir recovery rate of oil-formations with high water cut of produced fluids and exhausted resource are really essential. To address the above concerns the dual completion petroleum production engineering was proposed. The intensity of dual completion of formation with of different permeability is determined by rational choice of each of them. The neglect of this principle results a disproportionately rate of highly permeable formations development for the time. In effect the permeability of the formations or their flow rate is decreasing. The problem is aggravated by lack of awareness of mechanics of layers' mutual interference in producers and injectors. Dual completion experience in Russian has shown, that success and efficiency of the technology in many respects depend on engineering support. One of the sufficient criteria for the choice of operational objects should be maximal involvement of oil-saturated layers by oil displacement from seams over the economic life of well producing oil. If it is about getting high rate of oil recovery for irregular formations there is no alternative to dual completion and production. The recommended dual completion petroleum production technology enables development several formations by single well at the time. The dual completion petroleum production technology has been more important than ever because it is right not only for formations but for thin layers with undeveloped remaining reserves.