Uzbekistan, South Korea sign E&D agreement

Eric Watkins
Senior Correspondent

LOS ANGELES, Mar. 31 -- On a state visit to Uzbekistan, South Korean President Roh Moo-hyun signed an agreement with Uzbek President Islam Karimov allowing for joint exploration and development of oil and gas fields in the central Asian country.

Under a memorandum of understanding signed among South Korea's National Oil Corp. (KNOC), Korea Gas Corp. (Kogas), and Uzbekisan's state-run Uzbeknefgaz, the South Korean firms have the exclusive right to explore and develop two oil fields and two gas fields.

KNOC will carry out preliminary exploration for 6 months in Chust-Pap and Namangen-Terachi in the eastern part of the country together with Uzbeknefgaz, while Kogas will cooperate in developing Surgil and Uzunkui gas fields.

Contact Eric Watkins at

Related Articles

MMS chief hopes next president, Congress won't reinstate OCS bans

12/19/2008 US Minerals Management Service Director Randall B. Luthi said on Dec. 9 that he hopes the Obama administration and Congress seriously consider expa...

FERC issues final EIS for proposed LNG project near Baltimore

12/19/2008 The Federal Energy Regulatory Commission's staff identified additional adverse environmental impacts as it issued a final environmental impact stat...

Gran Tierra defers Colombian pipeline project

12/17/2008 Gran Tierra Energy Inc., Calgary, has deferred a 100-km pipeline project in Colombia connecting Costayaco field to the Orito gathering facilities.

Petrobras gets loan for Revap refinery upgrades

12/14/2008 Brazil's Petrobras has borrowed ¥750 billion from a consortium of Japanese banks to finance its investments in the 226,000-b/d Henrique Lage (R...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected