Uzbek leader visits Mingbulokneft JV
07/07/2017 16:39
Uzbek leader visits Mingbulokneft JV
07/07/2017 16:39
Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Shavkat Mirziyoyev visited the Uzbek-Chinese joint venture “Mingbulokneft” in Mingbulok region.
“Exploration and development of Mingbulok field” is a large-scale and long-term project. Within its framework, it is envisaged to put 4 exploratory drilling wells into operation and repair 4 available wells.
The project is included in the target list of the Investment program of the Republic of Uzbekistan for 2017, currently the main contractor –Xibu Duolling Engineering company has completed the preparation of the drilling site and shift camp.
This year, it is planned to use US$ 15 million dollars of investments, attracted from the financial and commercial institutions of China to repair the administrative building of the deposit, commissioning an exploration-drilling rig M15 and implementing other activities.
Recently, an exploration well M15 was launched in the field. Drilling operations at the well will be conducted at great depths – up to 6 thousand meters at anomalous pressure – 1200 atmospheres in conditions of complex geological structure of reservoirs, which requires the use of the most advanced engineering solutions. As a result of this project, it is planned to produce 200 thousand tons of liquid hydrocarbon per year worth more than 255 million dollars, designed for 25 years.
Uzbek President noted that this enterprise would play an important role in further development of the economy. Conducted a conversation with builders and Chinese specialists.
Information was provided on the results of geological exploration in Ferghana valley, which allowed identifying reserves of many types of natural resources. In the future, modern enterprises will be created for their development.
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