NEWS AND EVENTS
January 4, 2012
LUKoil gets first gas at Dzharkuduk-Yangi Kyzylcha field
Russia\'s largest private oil company LUKoil accomplished its first gas production at the Dzharkuduk-Yangi Kyzylcha field, the largest deposit in Uzbekistan\'s South West Gissar block (Kashkadaya region).
The company said that prior to this LUKoil was producing oil at the South Kyzylbairak and Koshkuduk oil fields in South West Gissar. According to preliminary information, production at the two deposits will amount to 90,000 tonnes of oil in 2011.
LUKoil said it plans to produce 1.1 billion cubic meters of natural gas a year at Dzharkuduk at an initial stage under a production sharing agreement with Uzbekistan. The next stage is to launch facility on complex gas processing at Dzharkuduk and launch of large Adamtash and Gumbulak fields.
Within the stage, it is planned to drill 40 mining wells and construct external electricity supply line, camp, and other infrastructure. The volume of investment makes up over US$1.2 billion. It is planned to produce 16 million cubic meters of gas per day or 5.8 billion cubic meters of gas a year.
The product sharing agreement on the project was signed in January 2007 with the term of 36 years. It came into force in April 2007. LUKoil entered to the project in March 2008.
Proven reserves of the South West Gissar block amounted to 1.417 billion cubic feet of gas and 23 million barrels of oil and oil condensate as of 1 January 2011. (Source: UzDaily.com)