On October 19, 2018, during the state visit of the President of the Russian Federation Vladimir Putin to Uzbekistan, a Supplemental Agreement was signed to the Production Sharing Agreement regarding the Independence of Uzbekistan investment block in the Surkhandarya region of the Republic of Uzbekistan.
The document signed in Tashkent provides for the establishment of the single investment vehicle SURHAN INVESTMENTS LIMITED to attract project financing, and approves commercial terms of the project, including production split between the Government and the Investor.
As part of the production sharing agreement regarding the Uzbekiston Mustakilligi investment block, the Surhan Gas Chemical Operating Company started the drilling of an appraisal well on the Mustakillikning 25 yilligi production field in order to confirm the hydrocarbon reserves.
Currently, reserves at the Mustakillikning 25 yilligi production field and Uzbekiston Mustakilligi investment block are estimated at more than 100B cu m of natural gas.
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