Tashkent, Uzbekistan, Nov. 12
By Demir Azizov - Trend:
The cumulative natural gas production at the fields of Lukoil Uzbekistan today stands at 25 billion cubic meters, according to the corporate newspaper of the company Lukoil Overseas.
Lukoil Uzbekistan is the operating company of Lukoil in the country.
Currently, Lukoil is carrying out production in Uzbekistan at two contract areas - at the Khauzak-Shady field in Bukhara region and at the Hissar group of fields in Kashkadarya region.
A production sharing agreement (PSA) on the Kandym-Hauzak-Shady block, which stipulates natural gas production in Uzbekistan's southwestern Bukhara-Khiva region, was signed by the Lukoil and the Uzbekneftegaz National Holding Company in 2004 for a period of 35 years.
The project's cost stands at $3.145 billion. The production at the Khauzak site started in autumn 2007.
Gas production at the West Shady site started in late 2011. The production volume in 2013 amounted to 3.74 billion cubic meters of gas.
It is planned to commission in the near future a booster station at the Khauzak site, which will allow increasing the gas production.
At the same time, the 'Kandym early gas' project envisaging the development of Kuvachi-Alat and North Shady fields is being actively implemented.
The production sharing agreement on the Southwest Hissar project was signed in January 2007 for the period of 36 years. Seven fields with the proven geological reserve of nearly 100 million metric tons of fuel equivalent are located on the contract territory.
The volume of investments in the project will exceed $1.2 billion, while the gas production volume will be equal to 4.2 billion cubic meters per year. Gas production within the Hissar project started in late 2011 and the gas production volume at the field reached the planned level in 2012. Gas production at the block totaled 1.1 billion cubic meters in 2013.
It is planned to put into operation the major facilities in 2017. The designed gas production level is 4.8 billion cubic meters per year. Aside from these projects, Lukoil also participates in the project for development of the Aral block in Uzbekistan.
The newspaper said that the total cumulative volume of investments made by Lukoil in Uzbekistan exceeded $3.5 billion. The company plans to invest in the projects a total of over $8 billion and increase the annual gas production volume to 18 billion cubic meters by 2016.
Edited by CN