Uzbekneftegaz to offer six blocks for foreign investors

According to Uzbekneftegaz, total forecasted resources of hydrocarbons at these blocks rated at about 500 billion cubic meters of gas and 70 million tonnes of liquid hydrocarbons.

The list of investment blocks include three blocks in Bukhara-Khiva region, two blocks at perspective Middle Syrdarya region and one block in Ferghana region.

Currently, there are five oil and gas regions in Uzbekistan, including Ustyurt, Bukhara-Khiva, Surkhandarya, Gissar and Ferghana. Uzbekistan also has three perspective regions - Khorezm, Middle Syrdarya and Zarafshan.

According to official data, as of 1 January 2013, Uzbekistan opened 243 oil and gas fields, of which 110 were revealed in 1991-2012. Some 194 fields from 243 has free gas reserves, 121 – oil and 157 – condensate.

About 104 fields from 243 are under development, 79 fields were prepared to development and preserved and 60 fields are under exploration.

The volume of recoverable explored reserves of hydrocarbons of commercial category makes up 2.5 billion tonnes of standard fuel as of 1 January 2013. These stocks allow to meet internal demand and export hydrocarbons to Russia, China and Kazakhstan.

Uzbekistan has significant recoverable probable (10 billion tonnes of standard fuel) and perspective (2 billion tonnes of standard fuel) resources and preliminary estimated stocks of oil, gas and condensate (550 million tonnes of standard fuel), which allow to increase annual commercial stocks and increase production volumes.

Uzbekistan holds third place on the volume of mined gas in the CIS and the fifteenth place in the world.