A joint delegation from Gazprom and Gazprom International took part in the 18th Uzbekistan International Oil and Gas Exhibition and Conference, OGU-2014, which was held in Tashkent on 13–15 May.
The Russian party was represented by the Director of Joint Foreign Projects of Gazprom's Department of Gas, Gas Condensate and Oil Production Vladimir Rabkin, the Director of Gazprom International's Representative Office in the Republic of Uzbekistan Maksut Anderzhanov, and other experts.
During the event, the delegation had a series of meetings with representatives of Uzbek and foreign expert investment associations and large oil and gas companies.
The exhibition included a scientific and technical conference and a programme with discussions on subjects such as international collaboration in the oil and gas sector, advanced hydrocarbon processing technology, and global practices in geological prospecting and methods of increasing oil production. During the discussions, the participants shared their opinions on future development and expansion of projects involving the prospecting, exploration and development of hydrocarbon deposits in the Republic of Uzbekistan. It was pointed out in particular that in 2013 the national economy's fuel and energy sector received the largest injection of foreign investments in its history as an independent country – over USD 2.8 billion, 11% more than had been forecast.
The International OGU Exhibition and Conference has been held on the initiative of the Republic of Uzbekistan's Cabinet of Ministers in association with the national holding company Uzbekneftegaz since 1997. This year, more than 160 companies from 20 countries participated in OGU-2014. Delegations from Britain, China, Denmark, France, Germany, Hungary, Italy, Kazakhstan, Poland, Romania, Russia, South Korea, Turkey, Ukraine, the USA, Vietnam, and others came to Tashkent.
As the Chairman of the Uzbekneftegaz Board Shokir Fayzullaev noted in his speech, over 245 fields have been discovered so far in Uzbekistan's five oil and gas regions, 48 of them in the last six years. And in particular, two new gas condensate fields were opened in the first quarter of 2014.
For the further development of the oil and gas sector, the government of Uzbekistan has developed a programme for up to 2020. It will ensure an increase in hydrocarbon yields amounting to 623 million tonnes of fuel equivalent.
Today, Uzbekistan produces around 60 billion cubic metres of gas per year. This puts it in third place among the countries of the CIS after Russia and Turkmenistan, and makes it number eight in the world.
Gazprom International, the sole operator of Gazprom's foreign projects for the prospecting, exploration and development of hydrocarbon deposits, has been investing in the Republic of Uzbekistan since 2002. Under 2004's Production Sharing Agreement, it is involved in the development of Karakalpakstan's Shakhpakhty field. Since 2004, more than 2.6 billion cubic metres of gas have been produced here.
In 2012, Gazprom International completed all the stages of a USD 400-million geological exploration project in the Ustyurt investment blocks. This led to the discovery of the Dzhel gas field in 2009.