On April 6, 2017 a production sharing agreement was signed regarding the Uzbekiston Mustakilligi investment block with supplementary exploration and field development of Mustakillikning 25 yilligi in the Surxondaryo Region of Uzbekistan between the Republic of Uzbekistan and an investor consortium consisting of: ALTMAX HOLDING LTD, Gas Project Development Central Asia AG, and JSC Uzneftegazdobycha.
As part of the project for development of the Mustakillikning 25 yilligi gas field, the Surhan Gas Chemical Operating Company was created, which will manage operations in the following areas:
Project implementation term — 35 years. During the first stage, the plan is to create capabilities for gas recovery and gas processing. The area of the investment block is 3,600 sq. km.
Appraisal Well Drilling.
Independent audit of reserves.
Development and approval of regulations for pipeline technical maintenance.
Signing of the PSA commercial terms.
Exploitation drilling and field infrastructure development.
Construction and placement into operation of gas treatment plant.
Geological prospecting work on the investment block (2D seismic survey — 400 lin km, drilling of 3 exploratory wells).
Work on the investment block.