EMBASSY OF UZBEKISTAN TO THE UNITED STATES
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NEWS AND EVENTS
January 27, 2012
Investment Effect Lukoil expanding projects in Uzbekistan
Russia’s petroleum giant Lukoil has acquired a stake of Malaysia’s Petronas Carigali Overseas in the Aral project in Uzbekistan. Currently, the share of Lukoil in the project has reached 26.6%. The production sharing agreement on the Aral project with a validity of 35 years was signed in August 2006 and came into force in January 2007. The project is implemented by a consortium of investors consisting of the National Holding Company Uzbekneftegaz, Lukoil (Russia), CNPC International (China) and KNOC Aral (South Korea). The company is headquartered in Tashkent. The Aral License Block is located in north-western Uzbekistan and includes the Uzbek part of the Aral Sea and the adjacent land and the transit zone. In 2007-2009, the works under the project included high-quality seismic survey of about three thousand linear kilometers and identified six promising structures, of which 4 (West Aral, Umid, Ak-Tepe, and Shagala) have been certified and prepared for deep drilling. In spring 2010, the consortium discovered a gas field in West Aral, with preliminary estimate reserves of around 11 billion cubic meters. Investment in the project exceeded $110 million. In August 2011, the partners approved a plan of work on the project, including drilling of test wells with a minimum amount of funding in the amount of $17 million. Another important project of the Russian company was the launch of the first starting complex in the western section of Shada in Bukhoro region. On the first stage of operation the operator launched 5 wells with aggregate daily output of over 4 million cubic meters of natural gas. Also the company carried out arrangement of the orifice of the gas wells and installation of equipment for products collection and measurement, built a 21-km infield pipeline from the site to gas processing unit in Khauzak. Part of the route passes under Lake Dengizkul, and therefore the contractor has built an 80-m bridge. Next year, in West Shady the company plans to drill and commission nine producing wells, arrange multiple well platform of the second launch complex, build infield roads and power lines. (Source: Ut.uz)


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