Eric Watkins
Senior Correspondent
LOS ANGELES, Feb. 2 -- Uzbekistan, along with a consortium of state-owned Uzbekneftegaz, Lukoil Overseas, Petronas, China National Petroleum Corp., and Korea National Oil Co., have signed a production-sharing agreement for the Uzbek section of the Aral Sea.
In a statement Lukoil said a 35-year PSA for the project was signed in Tashkent on Aug. 30, 2006, and that all members of the consortium have equal shares in the project.
A tender was issued in January for a 2D seismic survey of Uzbekistan's section of the Aral Sea, which covers 2,300 linear km—50% onshore and 50% offshore, including the tidelands and waters as deep as 40 m.
In addition to the seismic survey, the PSA calls for the drilling of two exploration wells over a 3-year period at a cost of $100 million.
Contact Eric Watkins at [email protected].
