Lukoil and Uzbekneftegaz have signed an MoU which will lead to cooperation in E&P and the setting up of joint venture to evaluate petroleum potential and handle geological exploration and commercial production. The joint venture will study geological and geophysical data in order to evaluate petroleum potential of new investment blocks, which are yet to be revealed. Lukoil is however casting an interested eye at blocks LIV Akbuget, LV Beshbulak + LVI Tashkuduk in N. Uzbekistan.
Uzbekistan (Akkyr-Kumkali High) LIV Akbuget op. by LUKOIL (100%)