Country Report

Uzbekistan upstream summary

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12 November 2020

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
    • 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
    • Hydrocarbon quality
    • Mangyshlak basin
    • Stratigraphy
      • Reservoirs
    • North Ustyurt basin
    • Stratigraphy
      • Reservoirs
      • East Aral sub-basin
    • Syrdarya basin
    • Stratigraphy
      • Reservoirs
    • 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
    • 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 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
    • Existing gas pipelines
      • Overview
      • Export routes
    • 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)
      • Proposed methanol to olefins (MTO) projects
      • Other potential gas monetisation projects
    • 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
    • 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)
    • State participation
    • 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
      • Contractor revenue entitlement
      • Product pricing
      • Domestic market obligation (DMO)
      • Fiscal/contractual ring-fences
      • Dividend withholding tax
      • Other taxes
      • Indirect taxes
      • Sample cash flow
    • 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)
      • Fiscal/contractual ring-fences
      • Dividend withholding tax
      • Other taxes
      • Indirect taxes
    • 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 45 images and tables including:

  • Sales gas production by field
  • Key facts: Table 1
  • Country map
  • Reserves and contingent resources at 01/01/2021
  • Liquids and Gas Production 2020
  • Net Acreage 2021
  • 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
  • Infrastructure: Table 2
  • Infrastructure: Table 3
  • Uzbekistan: current licences
  • Exploration: Table 1
  • Uzbekistan: recent block awards
  • Exploration: Table 2
  • Exploration drilling by basin
  • Reserves and resources: Table 1
  • Liquids and gas reserves
  • Liquids production
  • Production: Table 1
  • Production: Table 2
  • Liquids production by field
  • Production: Table 3
  • Production: Table 4
  • Sales gas production
  • Production: Table 5
  • Production: Table 6
  • Sales gas production by field
  • Production: Table 7
  • Production: Table 8
  • Infrastructure: Table 1
  • Uzbekistan: existing and planned liquids pipelines
  • East Uzbekistan: existing and planned liquids 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 21.68 MB

  • Document

    Country Overview

    XLS 543.50 KB