LUKOIL produces 26bn cubic meters of gas in Uzbekistan
24/03/2015 09:57
LUKOIL produces 26bn cubic meters of gas in Uzbekistan
24/03/2015 09:57
Tashkent, Uzbekistan (UzDaily.com) -- Cumulative gas production of LUKOIL Uzbekistan Operating Company, a subsidiary of Russia’s LUKOIL Overseas, at its fields in Uzbekistan reached 26 billion cubic meters of gas as of the beginning of 2015, director-general of LUKOIL Uzbekistan Stepan Gurjiy told in interview to corporate newspaper of LUKOIL Overseas – Neftyaniyi Vedomosti.
Nepftyaniyi Vedomosti said that total volume of investments of LUKOIL into Uzbekistan exceeded US$3.5 billion and the same time state revenue made up US$1.8 billion.
LUKOIL Uzbekistan, created in July 2004, is a single operator of LUKOIL projects in Uzbekistan. Currently, the company employs over 1,600 people and 85% of them are local people.
He recalled that LUKOIL Overseas and Uzbekneftegaz are implementing two product sharing agreements (PSAs) Kandym-Khauzak-Shady-Kungrad and Southern-Western Gissar.
He said that during implementation of two PSAs, it is planned to extract about 330 billion cubic meters of gas and over 6 million tonnes of oil and gas condensate.
The agreement on product sharing on maga-project “Kandym-Khauzak-Shady-Kungrad” was signed in June 2014. It was signed for 35 years. The drilling at the first field of the project – Khauzak – was started in summer 2006, while launch of the field started in November 2007.
Design level of gas production, 3 billion cubic meters per year, was achieved in November 2008. In the end of 2011, gas production was launched at Western Shady. The volume of mining in 2013 was 3.74 billion cubic meters a gas.
Soon, LUKOIL commissioned a booster compression station at Khauzak, which will allow to increase gas production. At the same time, the Russian company implements the project “Early gas at Kandym” – construction of Kuvachi-Alat and Northern Shady fields.
In 2007, LUKOIL Overseas became partner of the production sharing agreement on Southern-Western Gissar and Utsyurt region with Uzbekneftegaz. The company complex seismic exploration works in 2010 and revealed several perspective structures. In the end of 2011, the first gas was products at Jarquduq-Yangi Kizilcha field. In 2012, the volume of gas production reached the planned level (1.1 billion cubic meters a year). About 1.1 billion cubic meters of gas was mined in the block in 2013.
In spring of 2014, the project Southern-Western Gissar entered to full development phase. The launch of main objects is scheduled for 2017. The project level of gas production is 4.8 billion cubic meters a year.
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