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Uzbekistan to complete further development of two gas fields in 2014

11 March 2014

Uzbek National Holding Company Uzbekneftegaz will complete further development of two projects in the Kashkadarya region ( south of Uzbekistan ), Alan gas field and Shurtan (Kashkadarya province) gas condensate in 2014, a source in government circles told Trend on March 10.

Total project cost is estimated at $364.34 million, including a project on the further development of Alan field with the construction of a booster compressor station at a cost of $178.34 million, and a project of further development of Shurtan field with the construction of the booster compressor station-2, costing $186 million.

The financing of the projects is implemented at the expense of Uzbekneftegaz`s own funds and the credits of Fund for Reconstruction and Development of Uzbekistan. The FRDU allocated $53.49 million for the Alan gas filed project and $ 53.37 million for the other project.

Implementation of the projects will bring the gas production of Alan to five billion cubic meters and production of Shurtan up to 4.3 billion cubic meters of gas and 136.500 tons of condensate annually.

Both fields were commissioned in the second half of 1970s. Fields` reserves are not disclosed.  At present, Uzbekneftegas actively implements increasing of hydrocarbons production in a number of fields.  Earlier it was reported that Uzbekneftegaz completed a project for further development of the Samantepe and South Urt-Bulak fields with the construction of a booster compressor station and "South Urt-Bulak - Mubarek Gas Processing Plant" pipeline at the cost of $ 310 million in 2013.

It is scheduled to implement projects for further development of oil and gas fields at total cost of $2.35 billion in Uzbekistan by the end of 2020.

Uzbekneftegaz is the monopoly operator of the oil and gas sector of Uzbekistan. The company was established in 1998 and comprises six joint stock companies.

Uzbekistan holds third place among the CIS countries for the production of natural gas and is among the ten largest gas-producing countries in the world. Every year, the country produces more than 60 billion cubic meters of natural gas, about 25 percent of which is exported.