A project on the development of the Khojasayat section of the Dengizkul, Khodjadavlat and Sharkiy Alat gas condensate fields has been launched in Uzbekistan

Uzbekneftegaz NHC and the Chinese National Oil and Gas Company (CNPC) have launched gas extraction at the three largest gas condensate fields in the Bukhara region.

The new gas condensate fields of Khodjasayat, Khodjadavlat and Sharkiy Alat in the Bukhara region were opened as part of the implementation of the ‘Agreement on Geological Exploration in Investment Blocks of the Republic of Uzbekistan’, which was signed between Uzbekneftegaz and the Chinese National Oil and Gas Company in June 2006.

Aiming to arrange and further put the fields into commercial operation, the parties created a joint venture New Silk Road Oil&Gas with all the benefits for further development of the project.

The rapid start of the project was empowered by the talks between President Shavkat Mirziyoyev and the CNPC Board Chairman Wang Yilin during the recent state visit of the President of Uzbekistan to the People's Republic of China. The project entered into an active phase after the signing of the loan agreement with the Bank of China under the guarantee of CNPC.

The project’s total cost will make up $377.5 million, more than 150 new jobs will be created. Its implementation will ensure the annual production of over one billion cubic meters of natural gas. It is planned to export the fuel, and produce about 6,500 tons of gas condensate from it for the domestic market.

(Source: «Uzbekistan Today» newspaper)
 

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