Uzbekistan Oil And Gas Profile
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Introduction
- There are more than 190 deposits of natural gas, oil, coal and gas condensate within Uzbekistan constituting the reserve base. Total reserves amount to an estimated 2.1 to 5.7 billion toe.
- Natural gas forms the largest reserve base, with proven reserves amounting to 1.8 to 2 trillion cubic meters.
- In terms of production, Uzbekistan is the second largest gas producer within the CIS, while share in world output is 2.3 to 2.5 percent.
History
- 1956 - The first giant field, the Gazli gas field, with original reserves of more than 25 TCF, was discovered
- 1985 - The Kokdumalak Oil and Gas Field with reserves of almost 2 billion barrels of oil equivalent (BBOE) was discovered
- 1998 - The National Corporation Uzbekneftegaz was reorganized into the National Holding Company Uzbekneftegaz
- 2002 - Gazprom entered the country
Regulation
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Upstream
- Approximately 66 percent of proven natural gas reserves are concentrated in nine major deposits, of which eight are under development.
- According to official sources, in January 1, 2005, the potential level of reserves was as high as 5.9 trillion cubic meters. The most promising area is believed to be the Ustyurt region in the north-west of the country.
- Uzbekneftegaz National Holding Company is conducting geological prospecting jointly with Russia's LUKoil and Gazprom a production sharing agreement (PSA). However new reserves have yet to be confirmed.
- Proven oil reserves in Uzbekistan are estimated at 82 million tons. As of January 1, 2005, estimated potential reserves of liquid hydrocarbons were put at 817.7 million tons of oil and 360 million tons of gas condensate.
- The majority of the known oil fields are situated in the Bukhara-Khiva region, including the Kokdumalak Oil and Gas Field which currently accounts for 75 to 80 percent of all oil production. There are other oil fields in the Ferghana valley, Ustyurt plateau and the Aral Sea basin.
Active Companies
- Uzbekneftegaz the state owned company is the most active and has partnerships with various foreign companies
- Gazprom’s projects in Uzbekistan were launched in December 2002 when the Agreement on strategic cooperation in the gas industry was signed with National Holding Company Uzbekneftegaz.
Crude Oils
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Midstream
- Natural gas is exported to Russia as well as Kazakhstan, Kyrgyzstan and Tajikistan.
- Uzbekistan plans to use the Kazakhstan China Gas Pipeline to export gas to China
LNG
- There are no LNG terminals in Uzbekistan
Downstream
- There are three refineries, the Alty-Arik Refinery, the Bukhara Refinery and the Fergana Refinery
- The Bukhara Refinery is the most recent investment
- Sasol, Uzbekneftegaz and PETRONAS are building a 1.4 million ton GTL plant, the Qarshi Uzbekistan Gtl Plant
Relevant Links
- Uzbekneftegaz
- Policy Brief # 1, 2007. Options for Continuing Energy Reforms in Uzbekistan
- Petroleum Geology and Resources of the Amu-Darya Basin, Turkmenistan, Uzbekistan, Afghanistan, and Iran
page revision: 6, last edited: 20 May 2014 06:54