Report summaryThe North Urtabulak oil field is located in southern Uzbekistan in the northern part of the Amu Darya Basin. International operators have been active in the rehabilitation of the field since 1999, most recently Tethys Petroleum. However, the company ended its Uzbek operations in early 2014.Based on the PEC terms, the contractor was entitled to a declining share of incremental production from rehabilitated wells. The contract was originally awarded to Baker Hughes, but was subsequently ...
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