(Adds details, comments from Uzbekneftegaz)
KUALA LUMPUR May 14 Petronas [PETR.UL] has
signed a production-sharing agreement for a group of fields in
northern Uzbekistan, the Malaysian state oil firm said on
It also sealed a heads of agreement for a gas-to-liquid
(GTL) project in northern Uzbekistan, months after inking pacts
for fields in the south.
The production-sharing contract covers the Urga, Kuanish and
Akhchalak fields in the northern region of Ustyurt which
Uzbekistan had earlier offered to Russia's Gazprom (GAZP.MM).
Petronas Carigali Overseas Sdn Bhd holds 100 percent
interest for the development and production of the fields, it
said in a statement.
Uzbek state energy firm Uzbekneftegaz has said earlier this
week it had ended talks with Gazprom over the fields a year ago
after the Russian company said the project, valued at $1.5
billion at the time, was too small for it.
The heads of agreement for the proposed GTL project was
signed with Uzbekneftegaz National Holding Co. It calls for
Petronas to undertake detailed feasibility studies for the
Last December, Petronas signed agreements with Uzbekistan to
drill for oil from two blocks in south Uzbekistan.
Petronas Carigali has a 20 percent stake in the Aral Sea
production sharing contract, which is at an exploration stage.
Other partners in the venture are state-run UzbeknefteGaz, CNPC
International Ltd, parent of PetroChina (0857.HK) PTR.n, Korea
National Oil Corporation and Lukoil Overseas Holding Ltd
Petronas is also undertaking joint studies with
UzbeknefteGaz for cooperation in the development of downstream
petrochemical projects in Uzbekistan.
Asakhoja Yusupkhodjayev, a senior Uzbekneftegaz official,
confirmed the plans at an energy conference in the Uzbek capital
Tashkent and said it proposed building a new gas processing
plant by 2012.
"The preliminary cost estimate for such projects is $1.5
billion," he told reporters.