1 March 2019, Zarubezhneft (Russia) has reached an agreement with Uzbekneftegaz (UNG) to rehabilitate three mature fields in the Fergana Basin: Alamyshik Janubiy, Hartum and Hartum Sharkiy. This has been announced following a meeting between the head of Zarubezhneft and the President of Uzbekistan who has given his approval to co-operation between Zarubezhneft and UNG.  Zarubezhneft intends to increase the oil production rates at these fields by applying proprietary technology in production management and by utilising state-of-the-art equipment. The parties are planning to establish a joint venture company in the near future.  Background Information  In June 2018, Zarubezhneft and UNG signed a Memorandum of Understanding to study possibilities of co-operation in Uzbekistanâs oil and gas sector. In August, the two companies began a project to study possibilities of improving hydrocarbon production from several mature fields in Uzbekistanâs part of the Fergana Basin. The fields under consideration were Hartum, Boston, Alamyshik Janubiy, Namangan, Tergachi and Shorbulak. Zarubezhneftâs experts held talks with UNGâs Andizhanneft subsidiary operating in Fergana. They discussed the use of electric submersible pumps and improving the efficiency of well repair work.  UNG had in the past signed production improvement and exploration MoUs/agreements for these fields and the surrounding areas with several companies, including Sinopecâs Dong Seng and KNOC. These companies are understood to have quit the projects due to their low economic efficiency.
Zarubezhneft has reached an agreement with Uzbekneftegaz (UNG) to rehabilitate three mature fields: Alamyshik Janubiy, Hartum and Hartum Sharkiy.