Uzbekistan: Tethys eyes study of North Ustyurt blocks

Tethys Petroleum Ltd. and Uzbekistan’s state Uzbekneftegaz have signed a memorandum of understanding that provides the framework for a joint study and the negotiation process for an exploration agreement relating to certain exploration blocks in the North Ustyurt basin in Uzbekistan.

The company did not identify the blocks to be studied. Tethys Petroleum said its extensive modeling of the Doris oil discovery and surrounding area can be very useful if applied to the Uzbek portion of the basin that has similar geological characteristics and excellent oil and gas prospectivity.