Project Profile
Value: US$6,000 million
Location: Fergana Basin, Uzbekistan
Recoverable Reserves: 30 million tonnes
Production capacity: 2 mtpy
Start-up Year: 2011
The Mingbulak Oilfield, located at the north edge of the Fergana Basin in Uzbekistan, was discovered in 1992. Its oil and gas reservoirs are buried at a depth of over 5,000 metres, with more than 30 million tonnes of recoverable reserves and two million tonnes of potential annual production capacity. The field has been developed by Uzneftegazdobycha, Uzbekneftegazs structural branch. The venture is also going to develop around 200 low-yield deposits located near the Ferghana River and this is expected to increase production by 100- 200%. The partners invested about US$30 million into the development of each deposit, with the expectation of producing 20 million tonnes of oil in total from each deposit. The financing for the project is provided by Chinese banks, without guarantees from Uzbek government.
Operators:
Uzbekneftegaz
China National Petroleum Corp