Country Report

Uzbekistan upstream summary

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Uzbekistan is a well-established gas province and ranks among the top 20 global gas producers. Liquids output is relatively minor. Economic and regulatory reforms since 2017 have had a positive impact, revitalising IOC interest in Uzbek upstream opportunities. At present, state-owned Uzbekneftegaz (UNG) dominates the energy sector, with LUKOIL the key IOC investor. It operates two large-scale PSCs that are core sources of current and future gas production: Kandim-Khauzak-Shadi and Southwest Gissar. Uzbekistan's double-landlocked location can pose logistical challenges to the import of equipment and export of production.

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • National companies
      • Uzbekneftegaz (UNG)
      • Uztransgaz (UTG)
    • IOCs and local operators
      • Development assets
      • Exploration assets
    • Service sector and technology licensing
    • Introduction
    • Afghan-Tajik basin
    • Stratigraphy
      • Surkhandarya sub-basin
      • Southwest Gissar sub-basin
      • Reservoirs
    • Amu Darya basin (Bukhara-Khiva Area)
    • Stratigraphy
      • Reservoirs
    • Hydrocarbon quality
    • Fergana basin
    • Stratigraphy
      • Reservoirs
    • 7 more item(s)...
    • Licensing
    • Overview
    • Future licensing activity
      • Exploration tenders and auctions
      • Production Enhancement Contract (PEC) tenders
    • Recent licensing activity (2015 onwards)
      • Ad hoc talks
      • 2015-16 tender
    • Historical licensing activity (pre-2015)
      • Overview
      • Licensing rounds (1993-2006)
      • Ad hoc talks (2007-12)
    • Drilling
      • Drilling activity
    • Overview
    • Future drilling plans
    • 6 more item(s)...
    • Uzbek classification system
      • Transition to Western reserve standards
    • Reserves and resources overview
      • Gas
      • Liquids
    • Reserves by basin
    • Contingent resources by basin
    • Reserves by report
    • Liquids
      • Historical production
      • Current and future production
    • Gas
      • Historical sales production
      • Current and future sales production
      • Gas markets
    • Introduction
    • Key issues
    • Oil infrastructure
    • Existing liquids pipelines
      • Export
      • Domestic
      • Omsk-Seidi trunk pipeline
    • Planned liquids pipelines
      • Jizzakh refinery tie-in (cancelled)
    • Road and rail transportation
      • Road infrastructure
      • Rail infrastructure
    • Refineries
    • Gas infrastructure
    • 10 more item(s)...
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
    • Key legislation
    • Recent reforms (2017 onwards)
      • Overview
      • Key recent legislation
    • Tax Code
      • Previous tax codes
    • Other core legislation
      • Law on Concessions
      • Law on Investments and Investment Activities (2019)
    • Regulatory body
    • Ministry of Energy
    • State oil company
    • Uzbekneftegaz (UNG)
      • Reorganisation (2019 onwards)
    • 1 more item(s)...
    • Overview
      • Upstream
      • Midstream / downstream
    • Current fiscal terms
    • 2020 Tax Code
      • Key reforms relevant to the oil and gas sector
    • PSCs
      • Tax stability
      • State equity participation
      • Bonuses, rentals and fees
      • Royalty and other production taxes
      • Cost recovery
      • Profit sharing
      • Corporate income tax (CIT)
      • Additional profit taxes
      • 8 more item(s)...
    • Concessions
      • State equity participation
      • Bonuses, rentals and fees
      • Royalty and other production taxes
      • Corporate income tax (CIT)
      • Excess profits tax (EPT)
      • Contractor revenue entitlement
      • Liquids and natural gas pricing
      • Domestic market obligation (DMO)
      • 4 more item(s)...
    • Production Enhancement Contracts (PECs)
      • Overview
      • PEC criteria
      • Royalty and other production taxes
      • Contractor revenue entitlement
      • Corporate income tax (CIT)
      • Domestic market obligation (DMO)
      • Fiscal/contractual ring-fences
    • Historical background
    • Concessions
      • Infrastructure development tax (cancelled)
      • Turnover tax (cancelled)
      • Excess profits tax (EPT, cancelled)

Tables and charts

This report includes the following images and tables:

  • Sales gas production by field
  • Key facts: Table 1
  • Country map
  • Reserves and contingent resources at 01/01/2025
  • Liquids and Gas Production 2022
  • Net Acreage 2025
  • Uzbekistan: basin map
  • Reserves and resources: Table 2
  • Liquids reserves by basin
  • Gas reserves by basin
  • Reserves and resources: Table 3
  • Reserves and resources: Table 4
  • 33 more item(s)...

What's included

This report contains:

  • Document

    Country Overview

    PDF 21.76 MB

  • Document

    Country Overview

    XLS 1013.00 KB