Uzbekistan: Tethys eyes two redevelopment contracts

Tethys Petroleum Ltd. and Uzbekneftegaz will negotiate between now and May 1, 2012, for Tethys to obtain production enhancement contracts for West Kruk oil field and for the Chegara group of oil fields in Uzbekistan.

Alan Petzet

Nov. 21, 2011

The company said the contracts are expected to be similar to the one under which it has operated North Urtabulak field for 10 years where Tethys is allocated refined products for the oil it produces and sells the products on the export market in US dollars. West Kruk and the Chegara group of fields are in the same area as North Urtabulak.

The Chegara group of fields is less developed than North Urtabulak, and Tethys believes that these fields have great potential for oil production in the short term.

About the Author

Alan Petzet

Chief Editor Exploration

Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.

Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.