CNPC has signed a major high-pressure, high-temperature oil and gas exploration contract, with an exploration period of nearly three years.
2026-04-27
Recently, PetroChina’s subsidiary, Western Drilling Engineering Co., Ltd. and Uzbekistan The contract has been formally signed.
The contract‑related project will conduct exploration operations in the Ustyurt region between 2026 and 2028, with drilling depths ranging from 5,500 to 6,000 meters, targeting… Determine the oil and gas reserves in the high-pressure, high-temperature formations of this area. 。
According to Uzbek Oil and Gas Company According to the press office of Uzbekneftegaz, the company is affiliated with China National Petroleum Corporation’s… Western Drilling Engineering Co., Ltd. (CNPC XIBU Drilling Engineering Company Limited) signed the contract, It is planned to drill 30 exploration wells in the Ustyurt Region between 2026 and 2028.
Photos from the signing ceremony
This collaboration aims to advance several priority initiatives: Enhance drilling efficiency, introduce advanced extraction technologies, collaborate with international companies to develop and progressively implement technical solutions, while expanding the scope of geological exploration, identifying new prospective blocks, and advancing their development.
According to the project plan, wells with depths ranging from 5,500 to 6,000 meters will be drilled on newly identified prospective prospects in the Ustyurt region, with the objective of delineating hydrocarbon reserves in abnormally high-pressure, high-temperature formations.
Uzbekneftegaz stated that cooperation with the Chinese side is of great significance for elevating geological exploration to a new level and strengthening the foundation of resource reserves.
March 2026 , Uzbekneftegaz has already partnered with a subsidiary of China National Petroleum Corporation… Western Drilling Signs Agreement , carrying out new well-drilling operations in Uzbekistan, The first phase plans to complete the drilling of 30 wells between 2026 and 2027.
Previously, there were also reports that Britain’s BP had joined an oil and gas project in the Ustyurt region, which is being developed by Azerbaijan’s State Oil Company. SOCAR ) It is jointly advanced with Uzbekneftegaz and operates under the framework of a production-sharing agreement.
spot.uz previously reported that Uzbekneftegaz has launched development of a new oilfield and plans to further expand its production capacity.
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