In the second half of 2017 the Uzbek-Chinese JC "New Silk Road Oil & Gas Company Ltd" will start arrangement and gas production on fields of the Karakul investment block (The Bukhara region, the southwest of Uzbekistan), follows from the investment program for 2017, reports Trend news agency.
According to the document, the feasibility study for the project worth 377,5 million dollars "Arrangement of the site Hodzhasayat of the gas-condensate field (GCF) Dengizkul, Hodzhadavlet GCF and GCF Sharkii Alat" has been approved by the government.
According to the feasibility study, in case of an exit to design capacity on fields 869,6 million cubic meters of natural gas and 6,4 thousand tons of condensate will be annually extracted.
Contractors of works on arrangement of fields will become affiliated enterprise of the Chinese CNPC - China Petroleum Engineering & Construction Corporation (CPECC) which will perform designing, logistics, a construction and commissioning of infrastructure facilities for arrangement of gas fields on the Karakul investment block.
The construction of 11 operational wells will perform XIBU Drilling Engineering Company Ltd, repair and testing of operational wells on the Karakul investment block - China National Logging Corporation.
Financing of the project will be performed at the expense of the Chinese secured loans of CNPC.
Now in Uzbekistan CNPC participates in project implementation on a construction and operation of the Uzbek part of the gas pipeline system Turkmenistan-China.