JSC Uzbekneftegaz, NK Lukoil PAO, Gazprom PAO, Total SA, and China National Petroleum Corporation (CNPC). and others.
Upstream Sector is Likely to Dominate the Market
– Uzbekistan upstream market includes the exploration and production of crude oil and natural gas from its domestic fields located in the Bukhara-Khiva region. Around 60% of the country’s oil and gas get produce from the Bukhara-Khiva region.
– During 2018, crude oil production was nearly 2.9 million tonnes, a Y-O-Y increase of around 3.5%. While natural gas production in 2018 was nearly 56.6 billion cubic meters, a Y-O-Y increase of about 6%.
– During 2019, Uzbekistan based company Epsilon announced the discovery of the Bohoriston oil and gas condensate field. While testing, the field is estimated to have a flow rate of around 100 thousand cubic meters per day.