GISSARNEFTEGAZ JV: NEW WELL COMMISSIONED

11 November 2008

Tashkent: Gissarneftegaz JV has commissioned a new well in the Beshkent field in the Kashkadarya region of Uzbekistan.

Drilling of hole No 10 in the Beshkent gas condensate structure was commenced on 24 July 24 and completed on 11 November 2008. Commercial gas inflow at a depth of 3,184m was 750,000 cubic meters a day, condensate outcome was 100t a day.

As of today, 17,750 mcm of natural gas and 1860 t of liquid hydrocarbons are recovered daily at Gissarneftegaz fields.

All natural gas produced by the JV is exported; oil and gas condensate is sold after treatment in the home market of the Republic.

ENDS



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