25/05/2018

Press release: Gazprom and Uzbekneftegaz to continue joint gas production at Shakhpakhty field

Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Alisher Sultanov, Deputy Prime Minister of the Republic of Uzbekistan, Chairman of the Board of Directors of Uzbekneftegaz, today signed at the St. Petersburg International Economic Forum 2018 the Supplementary Agreement No. 2 to the Production Sharing Agreement for the follow-up development of the Shakhpakhty field.

The document was signed in the presence of Alexey Miller, Chairman of the Gazprom Management Committee.

According to the document, the parties will continue to produce gas until 2024 on the same commercial terms, using the production capacities created earlier.

Background

In 2017, Gazprom purchased 5.5 billion cubic meters of natural gas from Uzbekistan.

Gazprom’s main partner in Uzbekistan is Uzbekneftegaz (prior to July 2017 – Uzbekneftegaz National Holding Corporation) focused on oil and gas prospecting, production, processing, transportation, storage and marketing.

In 2006, Gazprom and Uzbekneftegaz inked the Agreement on the basic principles of geological exploration at investment blocks in the Ustyurt region of Uzbekistan. In 2017, the companies signed the Agreement of Strategic Cooperation.

Shakhpakhty is a gas and condensate field discovered in 1962 in the southeastern part of the Ustyurt plateau in the Kungradsky District (Republic of Karakalpakstan, Uzbekistan). Workover and follow-up development of the Shakhpakhty field is carried out under the 15-year Production Sharing Agreement signed in 2004.


Другие новости этого раздела:

19/10/2018

Press release: Lukoil Board of Directors convenes extraordinary general shareholders meeting and recommends interim dividend amount

Press release: Lukoil Board of Directors approved the report on the submission of applications by shareholders

Press release: Lukoil and Uzbekneftegaz sign memorandum of understanding

Russia’s mineral fertilizer output up 1.9% in January-September 2018

18/10/2018

Press release (Uralchem): Russia-Belarus Business Council may become a facilitator for businesses and government agencies

Press release: Alexey Miller briefs Dmitry Medvedev on Gazprom’s readiness for autumn/winter period

Press release: PhosAgro, IPNI and Vologda Region Research on Correct Application of Fertilizers Shows a 30% Increase in Forage Crop Yields and 20% Reduction in the Cost of Milk Production in a Large Vologda Region Farm

ToAZ starts construction of third urea facility

17/10/2018

Press release: PhosAgro Appoints Mikhail Rybnikov as First Deputy CEO, promotes Vladimir Davydenko to General Director of JSC Apatit

Press release: Gazprom Export to be first among Gazprom's subsidiaries to join tax monitoring regime

Press release: Fitch Ratings Revises Uralkali’s Rating Outlook to Stable from Negative

Press release: Mikhail Katsevman: “Price increase for energy resources and commodities is one of the primary reasons for loss of the competitive edge of polymers”

Press release: NOVATEK and Fluxys Plan to Build an LNG Terminal in Rostock

Press release: SIBUR announces results of Eurobond buyback offer

Fakuma: 26th international trade fair for plastics production and processing