Uzbekneftegaz completes development of several gas & condensate fields
Uzbekneftegaz, national holding company of Uzbekistan’s,
completed a $334-million project for development of five gas and
condensate fields, Trend reports.
The project provided for the development of the Samantepa, Girsan
Chulkuvar, Kumli and Taylyak fields located along the border with
Turkmenistan.
The reserves of the deposits discovered in the 90s, haven’t been
disclosed.
The source said that in 2015, the production volume at the new
fields is planned to reach 3.8 billion cubic meters of gas and
68,000 metric tons of condensate, and by 2020, the production
volume is planned to be brought to 6.8 billion cubic meters of gas
and 160,000 metric tons of gas condensate annually.
The project was financed with Uzbekneftegaz’s own funds worth
$212.7 million, a $75.5 million loan from the Fund for
Reconstruction and Development of Uzbekistan, and the Uzbek banks’
loans in the national currency equal to $46.2 million.
Uzbekneftegaz completed the project worth of $310 million for
further development of two gas condensate fields - Samantepe and
South Urtabulak - in the Kashkadarya province (south of Uzbekistan)
in 2013.
Currently, the holding is implementing a project worth of $914.2
million for the integrated development of the gas fields in
Gazlinsk region - Kulbeshkak, Hodzhikazgan, Dayahatyn, Syuzma,
Kumli, Chegarakum.
Over 60 percent of Uzbek territory is considered to be promising
for hydrocarbon production.
Uzbekistan will allocate $3.028 billion for the development of the
oil and gas sector in 2015 in accordance with the investment
program approved by the government.
The capacity of Uzbekneftegaz national holding company, the
national operator for production and processing of hydrocarbons in
Uzbekistan, allows to produce around 70 billion cubic meters of
natural gas and 8 million metric tons of liquid hydrocarbons per
year.