Uzbekistan: Tethys Petroleum signs exploration protocol

Tethys Petroleum Ltd. has signed a protocol of intent with the Uzbek state oil and gas company Uzbekneftegaz for exploratory work on the Bayterek block in the North Ustyurt basin in northern Uzbekistan.

The POI follows from the previous memorandum of understanding and “agreement on basic principles of the exploration agreement” between UNG and TPL. TPL and the Institute of Geology and Exploration of Oil and Gas Fields of UNG have jointly developed an exploration program for the block.

Tethys and UNG intend to execute an exploration agreement in accordance with Uzbek legislation, and upon approval of the exploration program by the government both parties intend to complete negotiations and will seek issuance of an appropriate government decree within 1 year.

Related Articles

OTC: Ocean-bottom seismic improves resolution for offshore subsurface

05/05/2014 Streamer technology is not new, however, it has gone through many advances within the last 30 years. In 1980, 120 channels were considered advanced...

Lundin Norway drills Johan Sverdrup appraisal wells

05/02/2014 Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has drilled two appraisal wells in the Johan Sverdrup area in the North Sea’s N...

Statoil: Johan Castberg fails to deliver oil volume expectations

05/02/2014 Statoil ASA and its PL532 partners concluded the 2013-14 Johan Castberg field exploration program by making an oil and gas discovery in the Drivis ...

BP plans to exit Utica shale

05/01/2014

BP America reported that it will not proceed with development of its nearly 100,000 acres of leasehold in the emerging Utica shale in Ohio.

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