Country report
| |
77 Pages

Uzbekistan upstream summary


Uzbekistan upstream summary

Report summary

Uzbekistan is primarily a gas-producing state. Current production is around 5.2 bcfd of gas, placing the country in the top 20 of global gas producers. However, due to sales contract constraints and very high domestic consumption, only around 18% of gas will be exported in 2016. Liquids production in Uzbekistan is relatively minor (77,000 b/d in 2016) and in long-term decline.Foreign investors have had very low involvement in Uzbekistan's oil and gas sector, and the state-owned company ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 3.93 MB 77 Pages, 29 Tables, 27 Figures
  • Country Overview XLS - 1.17 MB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Amu Darya basin (Bukhara-Khiva area)
      • Tectonic setting
      • Lower-Middle Jurassic play
      • Upper Jurassic play
      • Lower and Upper Cretaceous play
      • Field structure
      • Petroleum type
    • Fergana Basin
      • Tectonic setting
      • Petroleum plays
      • Field structures
    • Mangyshlak basin
      • Regional tectonic setting
      • Jurassic play
    • North Ustyurt basin
      • Regional tectonic setting
      • Petroleum plays
      • Field structures
    • Syrdarya basin
    • Afghan-Tajik basin
      • Regional tectonic setting
      • Petroleum plays
  • Exploration
    • Licensing
    • Foreign company activity
    • Exploration licence awards
    • Historical licensing rounds (1993-2006)
      • First licensing round (1993-95)
      • Second licensing round (1996)
      • Third licensing round (1998)
      • Fourth licensing round (2000)
      • Fifth licensing round (2006)
      • Block (2006-)
    • Drilling
      • Drilling activity
    • Exploration activity by basin
      • Amu Darya basin (Bukhara-Khiva Area)
      • Fergana basin
      • Afghan-Tajik basin
      • North Ustyurt basin
      • Mangyshlak basin
      • East Aral basin
  • Reserves and resources
    • Uzbek oil reserves classification system
    • Liquid reserves and resources
    • Gas reserves and resources
  • Production
    • Liquids
      • Overview
      • Liquids production by basin
      • Liquids production by key fields
      • Liquids production by analysis
    • Gas
      • Overview
      • Gas production by basin
      • Gas production by key fields
      • Gas production by analysis
  • Infrastructure
    • Introduction
    • Key issues
    • Oil infrastructure
    • Existing oil pipelines
    • Trunk pipeline
      • Omsk-Seidi
    • Amu Darya basin pipelines
      • North Urtabulak-Serni Zavod
      • Tashli-Kashkadarya
      • Kokdumalak-Zevardi and Zevardi-Karaulbazar
      • Uchkir-Gazli and Gazli-Karaulbazar
      • Shurchi-Karaulbazar and Dzharkak-Karaulbazar
    • Fergana basin pipelines
      • Mailisu IV-Izbaskent-Asaka and Asaka-Fergana refinery
      • South Alamishik-Asaka
      • Mingbulak-Turakurgan
      • Varik-North Sokh-Altiarik refinery
      • Kokaiti-Dzharkurgan and Lyalmikar-Kumkurgan; Koshtar-Shurchi and Amu Darya-Khatinrabat
    • Future oil pipelines
    • Existing condensate pipelines
    • Road and rail transportation
      • Roads
      • Railways
    • Gas infrastructure
    • Overview
    • Existing gas pipelines
    • Export pipelines
      • Central Asia-Centre (CAC)
      • Turkmenistan-China (Trans-Asia Pipeline)
      • Bukhara-Ural
      • Gazli-Shymkent
      • Bukhara-Tashkent-Bishkek-Almaty
      • Shurtan-Kelif-Dushanbe
      • Shurtan-Sherabad
      • Shurtan-Syrdarya-Tashkent
    • Domestic pipelines
      • Gazli-Sarimai and Gazli-Kagan
      • Khavast-Fergana-Asaka
      • Akhangaran-Pungan
    • Future gas pipelines
    • Gas processing
      • Ustyurt Gas Chemical Complex (Surgil)
      • Uzbekistan GTL (OLTIN YO'L GTL)
    • Underground gas storage (UGS)
      • Gazli
      • North Sokh
      • Khodjabad
  • Policy and regulation
    • Key legislation
    • Oil and Gas Laws
      • Law on Subsoil Resources
      • Law on Concessions
      • Law on Production Sharing Agreements
      • Presidential Decree No 2598 on Oil and Gas Investments
      • Presidential Decree No 4116
    • Foreign Investment Laws
      • Law on Foreign Investment
      • Law on Investment Activities
      • Law on Guarantees and Measures for the Protection of Rights of Foreign Investors
    • Taxation Laws
      • Tax Code
    • Regulatory body
    • State oil company
    • Uzbekneftegaz (UNG)
    • Subsidiaries
      • Uzneftegazdobycha
      • Uzgeoburneftegaz
      • Uztransgaz
      • Uznefteprodukt
      • Uzneftegazstroyinvest
      • Uzneftegazmash
      • Privatisation and restructuring
    • State participation
    • Licensing
  • Fiscal terms
    • Overview
      • Upstream
      • Mid/Downstream
    • Current fiscal terms
    • PSCs
      • State equity participation
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty and other production taxes
      • Domestic market obligation (DMO)
      • Cost recovery
      • Profit-sharing
      • Contractor revenue entitlement
      • Product pricing
      • Corporate (or petroleum) income tax
      • Additional profits taxes
      • Fiscal/contractual ring-fences
      • Dividend withholding tax
      • Other taxes
      • Sample cash flow - without Excise Tax
      • Sample cash flow - with Excise Tax
    • Marginal government take calculation
    • Production Enhancement Contracts
      • State equity participation
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty and other production taxes
      • Domestic market obligation (DMO)
      • Cost recovery
      • Contractor revenue entitlement
      • Product pricing
      • Corporate (or petroleum) income tax
      • Additional profits taxes
      • Fiscal/contractual ring-fences
      • Dividend withholding tax
      • Other taxes
    • Sample cash flow
    • Concessions / Joint Ventures
      • State equity participation
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty and other production taxes
      • Domestic market obligation (DMO)
      • Contractor revenue entitlement
      • Liquids and natural gas pricing
      • Corporate (or petroleum) income tax
      • Additional profits taxes
      • Fiscal/contractual ring-fences
      • Dividend withholding tax
      • Other taxes
      • Sample cash flow
    • Marginal government take calculation

In this report there are 56 tables or charts, including:

  • Executive summary
    • Gas production by key fields
    • Liquids production by key fields
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Net Acreage 2016
  • Geology
    • Uzbekistan sedimentary basins
  • Exploration
    • Exploration: Table 1
    • Current licence map
    • First licensing round: blocks on offer
    • Second licensing round: blocks on offer
    • Third licensing round: blocks on offer
    • Exploration: Table 2
    • Exploration: Table 3
    • Exploration: Table 4
    • Fourth licensing round: exploration acreage on offer
    • Exploration: Table 5
    • Fifth licensing round: blocks on offer
  • Reserves and resources
    • Reserves and resources: Table 1
    • Remaining and produced commercial liquids and gas reserves at 01/01/2016 (p+p)
    • Reserves and resources: Table 2
    • Remaining commercial liquid reserves by basin at 01/01/2016 (p+p)
    • Remaining commercial gas reserves by basin at 01/01/2016 (p+p)
    • Reserves and resources: Table 3
  • Production
    • Liquids production by hydrocarbon type
    • Production: Table 1
    • Production: Table 2
    • Liquids production by basin
    • Liquids production by key fields
    • Production: Table 3
    • Production: Table 4
    • Production: Table 5
    • Production: Table 6
    • Gas production by basin
    • Gas production by key fields
    • Production: Table 7
    • Production: Table 8
  • Infrastructure
    • Infrastructure: Table 1
    • Uzbekistan: existing and future oil pipelines
    • Eastern Uzbekistan: existing oil pipelines
    • Uzbekistan railway map
    • Refineries
    • Infrastructure: Table 3
    • Uzbekistan: existing and future gas pipelines
    • Southern Uzbekistan: existing & future gas pipelines
    • Eastern Uzbekistan: existing and future gas pipelines
  • Policy and regulation
    • UNG organisation chart
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • GEM models
    • Fiscal terms: Table 8
    • Fiscal terms: Table 9
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.