Zarubezhneft agreed on development of three brownfields in Uzbekistan

On February 28, 2019, the Head of Zarubezhneft JSC Sergey Kudryashov reported to the President of the Republic of Uzbekistan Shavkat Mirziyoyev on the status of cooperation between the Company and Uzbekneftegaz JSC under the projects of enhanced oil recovery at the brownfields in the Ferghana valley. The meeting was also attended by the Minister of Energy of Uzbekistan Alisher Sultanov and the Head of Uzbekneftegaz JSC Bakhodir Sidikov.

During the meeting the parties have discussed the issues of further cooperation between the Russian and the Uzbek companies in the framework of performing works at the active oilfields South Alamyshik, Khartum and East Khartum where Zarubezhneft plans on increasing the output using own front-end technologies for development management and using modern oilfield equipment.

The President of Uzbekistan Shavkat Mirziyoyev praised the prospective cooperation between Zarubezhneft JSC and Uzbekneftegaz JSC. In the nearest time the parties shall proceed with the establishment of a joint venture as well as with the preparation and agreement of a contract for the purpose of operations at these fields.

The General Director of Zarubezhneft JSC Sergey Kudryashov noted that this project shall be the first one in Uzbekistan for Zarubezhneft, and the parties count on further expansion of cooperation.

Currently, operating in Uzbekistan is one of the priority area of activities for Zarubezhneft JSC, and the attention from the country leaders increases the significance of this project both in the framework of partner relations of two companies and in the framework of Russian-Uzbek cooperation in general.