Condor Energies begins gas drilling campaign in Uzbekistan

Condor Energies Inc., Calgary, has started a multi-well drilling program in Uzbekistan.

The first well is being drilled vertically to about 3,000 m to penetrate and evaluate the currently producing carbonate reservoir sections as well as multiple deeper, under-exploited stacked clastic reservoirs and basement rock formations, the company said in a release Sept. 9.

Drilling of the first well and a detailed evaluation program are expected to be completed in October 2025. Data from the first well will be used to inform subsequent horizontal wells internally estimated to initially produce 13-20 MMscfd per well, cost $4.2 million to drill, and complete and take 40-45 days to drill.

The upcoming 12 well horizontal program is, on average, $3.3 million per well to drill and complete.

The first horizontal well has a planned 1,000 m lateral section which could be extended in subsequent wells as reservoir parameters dictate, the company said.

Condor continues to interpret and integrate 1,462 sq km of recently reprocessed 3D seismic data and 142 sq km of 3D seismic inversion attributes. The efforts have increased Condor’s portfolio to 18 targets that can be classified as either undrilled attic gas accumulations in producing structures or newly identified structures and could extend the drilling program beyond 2026. The company is contemplating the availability and timing to contract a second drilling rig.

In Uzbekistan, a detailed engineering study is under way for the installation of field compression to mitigate increasing sales gas pipeline pressures. Field compression is expected to be installed in 2026, and internal estimates suggest base production could increase by 25-55%, the company said.

Uzbekistan production for third-quarter 2025 through Sept. 7, 2025, has averaged 10,284 boe/d, in line with second-quarter 2025 results, which averaged 10,258 boe/d.

Kazakhstan

In Kazakhstan, fabrication of Condor’s first modular LNG plant is on schedule to be completed by the end of this year’s fourth quarter. The plant and supporting equipment will then be shipped to Saryozek, Kazakhstan, for assembly and commissioning.

Construction of LNG storage tanks and transport trailers has also begun. LNG production from LNG plant remains on track to begin in second-quarter 2026 at 48,000 gallons of LNG per day. Candor is working to finalize LNG offtake agreements and advance financing solutions.

Two additional liquefaction units are planned to be constructed at Saryozek shortly afterwards, increasing Saryozek LNG production to about 150,000 gpd for a total EPC cost of $70.4 million. Planning for additional LNG plants at Kuryk and Aktobe is ongoing.