Country Report

Uzbekistan upstream summary

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16 August 2019

Uzbekistan upstream summary

Report summary

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
    • Uzbekneftegaz (UNG)
      • UNG modernisation plans
    • IOCs
      • Development assets
      • Exploration assets
      • Other involvement
      • Previous operators
    • Local operators
    • Introduction
    • Afghan-Tajik basin
    • Stratigraphy
      • Surkhandarya sub-basin
      • Southwest Gissar sub-basin
      • Reservoirs
    • Amu Darya basin (Bukhara-Khiva Area)
    • Stratigraphy
      • Reservoirs
    • Structures
    • Hydrocarbon quality
    • Fergana basin
    • Stratigraphy
      • Reservoirs
    • Structures
    • Hydrocarbon quality
    • Mangyshlak basin
    • Stratigraphy
      • Reservoirs
    • North Ustyurt basin
    • Stratigraphy
      • Reservoirs
    • Structures
      • East Aral sub-basin
    • Syrdarya basin
    • Stratigraphy
      • Reservoirs
    • Licensing
    • Overview
      • Historical background
      • Future licensing activity
    • Exploration licence awards
      • Overview
      • Historical licensing activity (pre-2015)
      • Recent licensing activity (2015 onwards)
    • Drilling
      • Drilling activity
      • Future drilling plans
    • Amu Darya basin (Bukhara-Khiva Area)
      • Overview
      • IOC activity
    • Fergana basin
      • Overview
      • IOC activity
    • Afghan-Tajik basin
      • Overview
      • IOC activity
    • North Ustyurt basin
      • Overview
      • IOC activity
    • Mangyshlak basin
      • Overview
      • IOC activity
    • Syrdarya basin
      • Overview
      • IOC activity
    • Uzbek classification system
      • Transition to Western reserve standards
    • Reserves and resources overview
      • Gas
      • Liquids
    • Reserves and resources by basin
    • Reserves by report
    • Liquids
      • Historical production
      • Future production
    • Gas
      • Historical sales production
      • 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
      • Roads
      • Railways
    • Refineries
    • Gas infrastructure
    • Existing gas pipelines
    • Planned gas pipelines
    • Export pipelines to Russia
      • Central Asia-Centre (CAC)
      • Bukhara-Ural
    • Export pipelines to China
      • Turkmenistan-China Gas Pipeline
    • Export pipelines to Kazakhstan
      • Gazli-Shymkent
      • Bukhara-Tashkent-Bishkek-Almaty
    • Export pipelines to Tajikistan
      • Sherabad-Dushanbe (Shurtan-Kelif-Dushanbe)
      • Shurtan-Sherabad
    • Gas processing
      • Mubarek GPP
      • Shurtan GPP
    • Gas-feed projects
      • Shurtan Gas Chemical Complex (SGCC)
      • Ustyurt Gas Chemical Complex (UGCC)
      • OLTIN YO'L GTL (Uzbekistan GTL)
      • Other gas-feed plans
    • Underground gas storage (UGS)
      • Gazli
      • North Sokh
      • Khodjabad
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
    • Key legislation
    • Recent reforms (2017 onwards)
      • Overview
      • Key recent legislation
      • Planned legislative changes
    • Other core legislation
    • Tax Code
    • Regulatory body
    • Ministry of Energy
    • State oil company
    • Uzbekneftegaz (UNG)
      • Current reorganisation plans
    • State participation
    • Overview
      • Upstream
      • Midstream / downstream
    • Current fiscal terms
    • PSCs
      • Tax stability
      • State equity participation
      • Bonuses, rentals and fees
      • Royalty and other production taxes
      • Indirect taxes
      • Domestic market obligation (DMO)
      • Cost recovery
      • Profit sharing
      • Contractor revenue entitlement
      • Product pricing
      • Corporate income tax (CIT)
      • Additional profit taxes
      • Fiscal/contractual ring-fences
      • Dividend withholding tax
      • Other taxes
      • Sample cash flow
    • JVs / concessions
      • State equity participation
      • Bonuses, rentals and fees
      • Royalty and other production taxes
      • Indirect taxes
      • Domestic market obligation (DMO)
      • Contractor revenue entitlement
      • Liquids and natural gas pricing
      • Corporate income tax (CIT)
      • Additional profit taxes
      • Fiscal/contractual ring-fences
      • Dividend withholding tax
      • Other taxes
    • Production Enhancement Contracts (PECs)
      • 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 income tax (CIT)
      • Fiscal/contractual ring-fences
      • Dividend withholding tax
      • Other taxes
    • Historical background
      • Infrastructure development tax (cancelled)
      • Turnover tax (cancelled)

Tables and charts

This report includes 43 images and tables including:

  • Uzbekistan sales gas production by field
  • Key facts: Table 1
  • Country map
  • Remaining Commercial and Technical Reserves at 01/01/2019
  • Net Acreage 2019
  • Uzbekistan: basin map
  • Reserves and resources: Table 2
  • Remaining liquids reserves by basin at 01/01/2019 (p+p)
  • Remaining gas reserves by basin at 01/01/2019 (p+p)
  • Reserves and resources: Table 3
  • Reserves and resources: Table 4
  • Infrastructure: Table 2
  • Infrastructure: Table 3
  • Uzbekistan: current licences
  • Uzbekistan: recent block awards
  • Exploration: Table 1
  • Exploration: Table 2
  • Reserves and resources: Table 1
  • Remaining and produced reserves at 01/01/2019 (p+p)
  • Uzbekistan liquids production
  • Production: Table 1
  • Production: Table 2
  • Uzbekistan liquids production by field
  • Production: Table 3
  • Production: Table 4
  • Uzbekistan sales gas production
  • Production: Table 5
  • Production: Table 6
  • Uzbekistan sales gas production by field
  • Production: Table 7
  • Production: Table 8
  • Infrastructure: Table 1
  • Uzbekistan: existing and planned oil pipelines
  • East Uzbekistan: existing and planned oil pipelines
  • Uzbekistan: existing and planned gas pipelines
  • South Uzbekistan: existing and planned gas pipelines
  • East Uzbekistan: existing and planned gas pipelines
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2

What's included

This report contains:

  • Document

    Country Overview

    PDF 21.61 MB

  • Document

    Country Overview

    XLS 542.50 KB

  • Document

    Country Overview

    ZIP 21.51 MB

  • Document

    Executive summary

    PDF 718.43 KB

  • Document

    Key facts

    PDF 684.69 KB

  • Document

    Location maps

    PDF 2.95 MB

  • Document

    Key companies

    PDF 740.94 KB

  • Document

    Geology

    PDF 2.25 MB

  • Document

    Exploration

    PDF 2.40 MB

  • Document

    Reserves and resources

    PDF 769.43 KB

  • Document

    Production

    PDF 773.58 KB

  • Document

    Infrastructure

    PDF 15.86 MB

  • Document

    Policy and regulation

    PDF 712.88 KB

  • Document

    Fiscal terms

    PDF 746.85 KB

  • Document

    Costs

    PDF 711.25 KB

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