Tashkent, Uzbekistan (UzDaily.uz) — The Chinese company Jingbian Xinrong will assist JSC "Uzbekneftegaz" in increasing hydrocarbon production at the Ustyurt Plateau, according to a press release from the Uzbek company.
During negotiations between the Chairman of the Board of JSC "Uzbekneftegaz" Bahodirjon Sidikov and the CEO of the Chinese company Jingbian Xinrong Oil Well Technical Service Co., Ltd, Yunki Shang, the development of joint projects to increase hydrocarbon production at Ustyurt Group fields, known for their hard-to-reach reserves, was discussed.
The parties also explored the possibility of implementing projects under risk-service terms in cooperation with Uz Gas Projects LLC. During the discussions, the importance of joint efforts to enhance the efficiency of hydrocarbon resource extraction was emphasized.
Special attention was given to the implementation of advanced technologies and innovative solutions, as well as experience sharing to optimize production processes.
The negotiations demonstrated mutual interest in deepening cooperation, implementing new projects, and strengthening partnership relations.
JSC "Uzbekneftegaz" and Jingbian Xinrong Oil Well Technical Service Co., Ltd confirmed their readiness to continue active cooperation in the development and extraction of hydrocarbon resources, which will contribute not only to the growth of the oil and gas industry but also to strengthening the economic potential of both parties.
