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Economy 29/03/2012 LUKOIL Overseas sums up 2011 results
LUKOIL Overseas sums up 2011 results
Tashkent, Uzbekistan (UzDaily.com) -- Yesterday, the Board of Directors of LUKOIL Overseas reviewed results of company operations in 2011.

First gas was produced on Dzharkuduk-Yangi Kyzylcha which is the largest field within Southwest Gissar project (Uzbekistan).

The projected production on Dzharkuduk at the initial stage will be 1.1 billion cubic meters of natural gas per year. In addition, follow-up exploration (seismic acquisition and exploration drilling) was carried out on the block which resulted in reserves increase, identification of several prospects and discovery of two new fields (Kyzylbairak-Southeast and Shamoltegmas); two prospects were justified for drilling and commercial presence of gas within earlier unexplored area of the large Adamtash field was confirmed.

First production area was put into operation on western part of Shady field (Kandym-Khauzak-Shady-Kungrad project): 5 wells with the total daily production of over 4 million cubic meters of natural gas, production collection and metering facilities and a 21-km pipeline.

In the middle of 2011 the accumulated production of Khauzak-Shady field reached 10 billion cubic meters of gas. Feasibility study and detailed design for the integrated facilities of the Kandym group of fields.

The project provides that Kuvachi-Alat field will be put into operation in 2014 and Kandym field and Kandym gas processing plant will be put into operation in 2016.

Kuvachi-Alat and Parsankul fields were explored (2D seismic was acquired and 4 exploration wells were drilled) which made it possible to expand the design area of the field and increase C1 reserves by 12 million tonne of oil equivalent.

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