On 17 June 2008, OOO Operations Company Zarubezhneftegaz – GPD Central Asia extracted its first billion cubic metres of natural gas from the Shakhpakhty Deposit.
The project provides for further development of the Shakhpakhty Deposit and aims to extract the remaining gas reserves from its layers. When works started, the gas reserves were estimated to total about 7,000 million cubic metres. Extraction resumed on 7 August 2004.
The further development of the Shakhpakhty deposit is Zarubezhneftegaz’ pilot project in Uzbekistan under the production sharing agreement (PSA).
Work first started on the Shakhpakhty Deposit in April 1971. During the period of operation, approximately 36.5 bcm, or 78.6 % of its initial confirmed reserves, has been extracted from the deposit.
The PSA for redeveloping Shakhpakhty was signed on 14 April 2004. The deposit was reconstructed and re-equipped, and a compressor station, gas preparation installation and modern mining village were constructed. 17 wells have undergone major repairs.
In addition to the Shakhpakhty redevelopment, Zarubezhneftegaz has also realised a number of projects in Uzbekistan to explore hydrocarbon deposits on the Ustyurt Plateau.
ZAO Zarubezhneftegaz is a 100% subsidiary of OAO Gazprom, and an operator for Gazprom’s foreign investment projects in the Middle and Near East, Latin America, South-East Asia and Africa, and in the former Soviet republics.
The company’s main activity areas are: carrying out searches and geological surveys on dry land and on the continental shelf; developing and structuring deposits; reconstructing gas transportation systems; extending the capacity of underground gas reservoirs; transporting and processing hydrocarbons; and planning and constructing transport pipelines and structures and oil-refining plants.
The company is currently realising a series of projects abroad, in Tajikistan, Uzbekistan, Kyrgyzstan, Vietnam, India and other countries.