Condor Energies Increases Production in Uzbekistan and Advances Horizontal Drilling Program

Tashkent, Uzbekistan (UzDaily.com) — Canadian company Condor Energies Inc., focused on the energy transition and actively operating in Central Asia, has provided an update on the progress of its projects in Uzbekistan.

By the end of the fourth quarter of 2025, the company’s average daily production rose by 5.6% compared with the previous quarter, reaching 10,534 barrels of oil equivalent per day (boepd), up from 9,978 boepd in the third quarter. In December 2025, production increased even further by 7.6% compared with November, reaching 11,462 boepd. This growth was primarily driven by the continued successful implementation of well workover programs. Overall, the average daily production for 2025 was 10,484 boepd, nearly matching the 2024 level of 10,511 boepd.

Condor continues the completion and testing of its first horizontal well, which includes a 1,007-meter horizontal section—the longest horizontal borehole ever drilled in Uzbekistan.
During the completion operations, flexible coiled tubing was used to displace the completion fluid from the horizontal section and to conduct standard acid stimulation. However, accessing the full horizontal section, including intervals with the highest gas shows, was not possible. The diameter limitations of the coiled tubing prevented reaching the end of the open horizontal section without risking stability and equipment damage.

As alternatives, the company is considering using larger-diameter coiled tubing or a small-diameter drill string, both of which are currently under evaluation.
Meanwhile, a shallower carbonate formation in the pilot section of the first well was successfully completed and tested. Testing lasted six hours under steady-state conditions, showing a gas flow rate of 3.6 million cubic feet per day through a 9.5 mm choke at a coiled tubing pressure of 1,120 psi.

In addition to gas, the well produced condensate with an API gravity of 46 degrees at 5.1 barrels per day and water at 2.7 barrels per day. The first well is already connected to the gathering system and is in operation while awaiting the equipment required to access the horizontal section.

The rig previously used on the first well has now begun drilling a second horizontal well on the same pad. An intermediate casing string has been set at 2,178 meters, and the horizontal section is expected to commence later this week. The horizontal section of the second well will target a shallower carbonate interval that was successfully tested in the first well. Completion and testing of the second well are scheduled for early February 2026.

At the same time, Condor’s second rig has started drilling a third well on an underdeveloped gas field in the southern part of the company’s license area. The intermediate interval is currently being drilled to 2,150 meters, with target formations expected to be reached in January 2026. The third well is being drilled vertically to a planned depth of 2,400 meters to clarify the geological structure, collect up-to-date logging data, and obtain core samples. Preliminary test results are expected by mid-February 2026.

Following completion of the third well, the company plans to launch a horizontal pad drilling program targeting three formations with up to six horizontal wells. The field is currently developed by a single downward-drilled gas well, in which Condor previously perforated an eight-meter-thick carbonate interval. This increased average daily gas production from 1.1 to 7.5 million cubic feet per day over the first 30 days and then stabilized at 5.5 million cubic feet per day over the past ten months. These operations have significantly reduced geological risks associated with the large, undeveloped structural uplift targeted by the third well.

The company is also evaluating the possibility of establishing a second pad for further development of this structure, which may contain substantial reserves.

Condor Energies President and CEO Don Strieu commented that the dual-rig drilling program, the planned installation of booster compressors on the fields, and ongoing well workovers collectively form a series of near-term growth drivers capable of significantly increasing production volumes and cash flows in 2026.

He noted that the experience gained from drilling the first well and the technical challenges successfully overcome have already been factored into operations on the second and third wells, allowing shorter operational cycles and creating conditions to complete drilling of up to 12 new wells during the current year.

The company intends to provide regular updates to the market on project progress, reflecting the scale and significance of the planned activities in 2026.