Kandym-Khausak-Shady-Kungrad project
Encyclopedia
The Kandym–Khausak–Shady–Kungrad project is a project to develop natural gas fields in Uzbekistan
. The project is carried out by consortium of LUKOIL Overseas
(90%) and the Uzbekneftegaz National Holding Company
(10%).
On 8 September 2005, the agreement on creating a consortium comprising Uzbekneftegaz, Lukoil, Petronas
, Korea National Oil Corporation
and China National Petroleum Corporation was signed in Tashkent. However, this agreement is not implemented.
The drilling of development wells in the Khausak gas field started on 1 July 2006. The Khausak field was inaugurated on 29 November 2007.
The project comprises a gas processing plant, plans for drilling more than 170 production wells (15 wells already on stream at the Khausak field) and construction of 1500 kilometres (932.1 mi) of pipelines. In addition, the project foresees construction of two compressor plants, gas gathering stations, shift camps, high-voltage power transmission lines and a separate 1400 kilometres (869.9 mi) long railroad track, motorways and access roads.
Uzbekistan
Uzbekistan , officially the Republic of Uzbekistan is a doubly landlocked country in Central Asia and one of the six independent Turkic states. It shares borders with Kazakhstan to the west and to the north, Kyrgyzstan and Tajikistan to the east, and Afghanistan and Turkmenistan to the south....
. The project is carried out by consortium of LUKOIL Overseas
LUKoil
Lukoil/LUKoil ; ) is Russia's second largest oil company and its second largest producer of oil. In 2009, the company produced 97.615 million tons of oil; ....
(90%) and the Uzbekneftegaz National Holding Company
Uzbekneftegaz
Uzbekneftegaz ) is a state-owned holding company of Uzbekistan's oil and gas industry.-History:Uzbekneftegaz was established in 1992...
(10%).
History
The production sharing agreement on the project was signed between Lukoil and Uzbekneftegaz on 16 June 2004 in Tashkent in the presence of the presidents of Russia and Uzbekistan. The agreement came into force on 24 November 2004 and will be in force until 2039. Output is to be shared on a fifty-fifty basis.On 8 September 2005, the agreement on creating a consortium comprising Uzbekneftegaz, Lukoil, Petronas
Petronas
PETRONAS, short for Petroliam Nasional Berhad, is a Malaysian oil and gas company that was founded on August 17, 1974. Wholly owned by the Government of Malaysia, the corporation is vested with the entire oil and gas resources in Malaysia and is entrusted with the responsibility of developing and...
, Korea National Oil Corporation
Korea National Oil Corporation
Korea National Oil Corporation is the national oil and gas company of South Korea and one of the most important industrial companies in the country...
and China National Petroleum Corporation was signed in Tashkent. However, this agreement is not implemented.
The drilling of development wells in the Khausak gas field started on 1 July 2006. The Khausak field was inaugurated on 29 November 2007.
Development
Confirmed geological reserves of natural gas in the project area amount to 329 billion cubic metres (bcm). It is expected that the project will produce 207 bcm of gas over its lifetime with maximum annual output of 11 bcm, expected to reach by 2013.The project comprises a gas processing plant, plans for drilling more than 170 production wells (15 wells already on stream at the Khausak field) and construction of 1500 kilometres (932.1 mi) of pipelines. In addition, the project foresees construction of two compressor plants, gas gathering stations, shift camps, high-voltage power transmission lines and a separate 1400 kilometres (869.9 mi) long railroad track, motorways and access roads.