Uzbekneftegaz Reports Results of First 50 Days of the “Top 100 Days” Program

Tashkent, Uzbekistan (UzDaily.com) — Uzbekneftegaz held a briefing summarizing the first 50 days of the “Top 100 Days” program. The initiative is aimed at the company’s financial stabilization, improving spending efficiency, and accelerating exploration, production, and processing operations.

In the first two months, the program achieved an additional economic impact of 1.1 trillion soums. Significant results were noted in drilling and hydrocarbon production, identification of promising fields through geological exploration and 3D seismic surveys, and the completion of exploratory wells.

In 2026, the company plans its largest drilling campaign in history: 103 wells will be drilled, including 58 exploratory and 45 production wells. To study the subsurface structure over an area of 6,500 km², 3D seismic surveys are planned—2.5 times the volume conducted last year.

To accelerate exploration and modernize its equipment fleet, negotiations are underway to acquire 12 drilling rigs, 2 3D seismic complexes, and over 100 logging instruments. Additionally, optimizing the cost of materials and reducing loan interest rates have saved 766 billion soums, with the economic effect expected to grow to 2.5 trillion soums by year-end.

Decommissioning non-core assets reduced expenses by 3 billion soums in the first two months, while optimization of construction and drilling projects saved 154 billion soums; by year-end, these figures are expected to reach 33 billion and 1.7 trillion soums, respectively. The central office workforce was reduced from 875 to 610 employees, while digital security systems and the introduction of a new laboratory regime are expected to create approximately 700 new jobs.

Part of the achieved economic impact is being directed toward social projects, including employee salary increases, provision of hot meals and seasonal footwear, acquisition of modern buses, and construction of a 200-bed dormitory, canteen, and conference hall, with 280 billion soums allocated for these purposes. Planned initiatives also include major repairs of dormitories, canteens, and sanitary facilities in worker settlements, as well as updates to household appliances and laundry services.

Within the first 50 days, the program enabled growth in key production outputs: purified natural gas—2.276 billion m³ (109.4% of plan), gas condensate—78.2 thousand tons (109.1%), liquefied gas—85.7 thousand tons (108.2%), sulfur—28 thousand tons (124%), and polyethylene products—21 thousand tons (104.2%). For households and private entrepreneurs, 88.8 thousand tons of liquefied gas were supplied (111.6% of plan).

At the Uzbekistan GTL plant, synthetic petroleum product output increased by 33 thousand tons, representing a 318% rise compared to last year.

The company emphasizes that the achievements of the first 50 days are not short-term tactical measures but strategic reforms designed to transform the sector fundamentally and propel it to a new stage of development.