Gazprom and Uzbekneftegaz to prolong the PSA for Shakhpakhty field development project
26/04/2018 14:08
Gazprom and Uzbekneftegaz to prolong the PSA for Shakhpakhty field development project
26/04/2018 14:08
Tashkent, Uzbekistan (UzDaily.com) -- The Russian company Gazprom and Uzbekneftegaz will extend the production sharing agreement (PSA) for project for development of the Shakhpakhty field in Uzbekistan. This was stated in an interview with the corporate magazine "Gazprom" deputy chairman of the company Vitaly Markelov.
According to him, the companies agreed to extend the operation of the PSA for the Shakhpakhty development project until 2024.
He recalled that the operation of the PSA ends in 2019. Vitaly Markelov said that the parties came to a mutual decision that, in accordance with the terms of the PSA and the legislation of the Republic of Uzbekistan, its validity period should be extended by five years, until 2024.
Markelov added that in the short term the company faces the task of starting development of the Dzhel deposit on the terms of the PSA, for which the parties should make every effort to agree on the terms of the agreement acceptable to all participants.
Shakhpakhty is a gas field located in the south-eastern part of the Ustyurt plateau in the Kungrad district of the Republic of Karakalpakstan in Uzbekistan, and was opened in 1962. According to the results of geological exploration carried out here prior to 1968, initial commercial gas reserves were confirmed totalling 46.5 billion cubic metres.
Commercial production was started at Shakhpakhty in 1974 and amounted to 2.5 billion cubic metres per annum. In 1983 the Shakhpakhty booster compressor station (BCS) began operation, but it ceased in February 2002 due to insufficient capacity to provide the produced gas with the required supply pressure. At that time the operating organisation decided to shut down production at the field, and the wells were closed temporarily. Overall during the period of operation 36.5 billion cubic metres of gas were recovered from the field, which is approximately 78.5% of the initial confirmed reserves. Currently Shakhpakhty’s recoverable reserves are estimated at 7.4 billion cubic metres.
Gas production at the field resumed in August 2004. Commercial inflow was obtained from 10 wells. In 2006 the Operating Company completed reconstruction of the Shakhpakhty booster compressor station and gas pre-treatment unit; a modern base camp was also built at the field.
The gas produced at Shakhpakhty is delivered to the Karakalpaksky compressor station, and then through the Central Asia-Centre gas pipeline to consumers.
$ 1 | 12697.00 | 0.000% |
1 | 13547.70 | 0.000% |
₽ 1 | 135.05 | 0.000% |