Tender announced for 3D seismic exploration in Uzbekistan

Tashkent, Uzbekistan, May 13
By Demir Azizov- Trend:

"Kossor Operating Company" LCC, a subsidiary of Petrovietnam Exploration & Production (PVEP) in Uzbekistan, announced a tender for implementation of works on 3D seismic surveys at Kossor investment block.

The proposals to participate in the contest will be accepted until June 3, 2014.

On the results of 3D seismic surveys that are planned to be carried out in the second half of the year; it is envisaged drilling of the second exploration well on the block, according to the Kossor Operating Company.

In 2011-2013, 2D seismic exploration in the volume of 886 linear kilometers was conducted, an exploration well with the depth of 4014 meters was drilled and the testing work on the well was completed in the licensed area, which, according to the Vietnamese company, "gives preliminary positive results."

As reported earlier, in 2010, Uzbekneftegaz and PVEP signed an agreement to conduct exploration work on the Kossor investment block of Ustyurt region.

In accordance with the document, the Vietnamese company should invest $29.4 million in exploration work on the Kossor investment block for five years and spend no less than $13 million on the minimum exploration program during the first three years.

PVER established the Kossor Operating Company to implement the project in Uzbekistan.

In June 2012, Uzbekneftegaz National Holding Company and PVEP signed an agreement to conduct exploration on Molabaur investment block for five years.

The volume of investments of the Vietnamese company will be $61.6 million. The project operator is Kossor Operating Company.

The company received a license for the right to use the subsoil on Molabaur investment block. At present, processing of the old 2D seismic data is being carried out on the block in order to determine its potential in 2013.

In 2012, "Uzbekneftegaz" and PVEP signed an agreement on the joint exploration of the Paleozoic deposits on the territory of Uzbekistan.

In 2013, the operator carried out the collection, analysis and study of materials from previous years to determine the most promising sites. At present, an agreement of promising sites and governmental decision on this project is expected.

Uzbekistan has revealed 50 investment units for geological exploration work on their territory by foreign investors. Licenses have been issued for 19 of them.

Some 202 raw hydrocarbon fields have been discovered in the republic. Over 50 percent of the discovered fields are under development, 35 percent prepared for the development, and exploration work is being conducted in the rest.

The country annually produces more than 60 billion cubic meters of natural gas, about 20 percent of which is exported.

Edited by C.N.

Hundreds of Lebanese join anti-government protests as lockdown eased
Hundreds of Lebanese join anti-government protests as lockdown eased
Turkey's export to OIC member states shrinks
Turkey's export to OIC member states shrinks
Russia says OPEC+ meeting to be held on Saturday
Russia says OPEC+ meeting to be held on Saturday
Loading Bars
China reports six new COVID-19 cases, five asymptomatic cases
Telegram messenger restores service after connection issues
UK anti-racism protesters clash with mounted police
Malta accepts over 420 migrants after 40 days at sea
WHO reports single-day increase in coronavirus cases by over 128,000
Hungary, Germany to lift travel restrictions to each other's citizens
Mexico restates commitment to April accord after OPEC+ talks
Afghan gun battle kills 9 militants in eastern Kunar province
Azerbaijan supports extension of OPEC+ deal
OPEC agrees to further extend production cuts
Hundreds of Lebanese join anti-government protests as lockdown eased
Bolsonaro threatens to withdraw Brazil from WHO
Iraq renews its commitment to OPEC+ deal
UK coronavirus death toll rises by 204 to 40,465
Azerbaijan confirms 379 new COVID-19 cases
OPEC, Russia to extend record oil cuts to end of July
Volume of issued mortgage loans increases in Azerbaijan
Deposit liabilities of Georgia's banking system decrease
Uzbekistan, China may set up joint venture for bearing production
Pros and cons of Iran’s new car presale lottery plan
Azerbaijani Central Bank's foreign exchange reserves grow
What to expect from OPEC+ meeting today
Georgia makes changes to Produce in Georgia program
Uzbekistan exports wild cherry to China
Uzbekistan introduces recycling fees for cars
Prices for Iran's petrochemical products down
Iran to supply support packages to population until COVID-19 is curbed
Tires, special vehicles manufacturing launch underway in Kazakhstan's Karaganda
Georgia's Medifari company plans to export facemasks to Israel, Russia, Belgium
Azerbaijan's Pasha Capital - leader in volume of operations on Baku Stock Exchange
Kazakhstan to manufacture petrocemical products from coal
EBRD, TBC Bank implement two mega-center projects in Georgia
Azerbaijani oil prices show mixed change
DHL resumes its operations in Turkmenistan
Azerbajan expanding broadband internet in regions
Turkmenistan to lock deals with foreign companies to buy pest control chemicals
China opens new transport corridor to Uzbekistan
Weekly review of Azerbaijan's precious metals market (May 29-June 5)
Georgia reduces electricity consumption during coronavirus
Pomegranate crop in Azerbaijan surpasses last year's yield
Oversized goods transportation launched to Kazakhstan's Karachaganak
Construction materials export from Uzbek Samarkand region increase
Georgia, Romania eye to boost cooperation opportunities in Black Sea region
Weekly review of Azerbaijani currency market
Baku Higher Oil School to hold online I International Scientific Conferences of Students and Young Researchers
Philippines confirms 7 new coronavirus deaths, 714 more cases
Romania, Georgia work on resuming Constanta - Poti / Batumi ferry connection
Corporate securities transactions rise in Azerbaijan
Wheat harvest kicks off in some regions of Turkmenistan
Georgian municipality predicts potato harvest for this season
How COVID-19 impacts Georgian fuel market?
Kazakhstan's uranium processing venture to buy equipment spare pars via tender
Coronavirus cases up in Georgia
Turkmenistan, Russia set measures to boost co-op in construction sector
Data on petroleum, chemical products manufacturing in Azerbaijan disclosed
China reports three new COVID-19 cases, two asymptomatic cases
Minister: Germany supports Georgia in economic development
Germany's confirmed coronavirus cases rise by 407 to 183,678
Turkmenistan, France discuss trade, economic cooperation
Capex on offshore wind to surpass upstream spending in Europe in 2022
Kazakhstan’s Atyrau refinery opens tender for radio system modernization
Turkey's export to OIC member states shrinks
Transactions on public securities on Azerbaijan's primary market down
Armenia violates ceasefire with Azerbaijan 24 times
Iran's historical cities suffer from lack of foreign tourists, thanks to COVID-19
Georgia's engineering firm Kaya offers additional services
Iranian trucks with goods enter Turkey, following months of closure
Iran plans to transfer gas from Kish field to feed South Pars refinery
Georgia expects rich hazelnut harvest
Thailand reports two new coronavirus cases, no new deaths
Iran to create holdings to control rental houses, apartments
FAO, Azerbaijan to develop new program
Kyrgyzstan reports 38 new COVID - 19 cases, 1974 in total
6.2-magnitude quake hits Kazakhstan -- local department
Bolsonaro threatens to withdraw Brazil from WHO
Small plane crash in U.S. state of Georgia kills 5
S. Korea reports 51 new virus cases, most in 8 days
Chinese mainland reports no new domestically transmitted COVID-19 cases
Chile reports 122,499 COVID-19 cases with 1,448 deaths
Head of Al-Qaida in Islamic Maghreb killed in Mali by French forces: minister
Street near White House renamed ‘Black Lives Matter Plaza’ — mayor
58 more coronavirus patients die in Moscow in past day — crisis center
Some 41,500 National Guard officers on duty in US amid protests
WHO recommends wider use of face masks to curb COVID-19
Facebook says it found no foreign interference targeting U.S. protests
Trudeau takes a knee at anti-racism protest on Parliament Hill
Trump orders 9,500 US troops to leave Germany
Finland's finance minister steps down over training payments
5.2-magnitude quake jolts eastern Turkey
EU countries agree on coordinated, non-discriminatory lifting of travel ban
Turkey: Daily coronavirus recoveries up with over 1,600
UK COVID-19 deaths top 40,000 as another 357 patients die
ADB eyeing agreement signing on road reconstruction in Kazakhstan
Azerbaijan discloses number of coronavirus tests
Italy's COVID-19 death toll up 85 to 33,774
Tourists from Israel may be among first visitors to Georgia
Agent bank of two more liquidated banks chosen in Azerbaijan
Azerbaijan plans to increase Virginia tobacco production
Central Bank of Iran seeks to unfreeze foreign currency sources abroad
Azerbaijan Wine Producers & Exporters Association eyes new markets for export
All news