Zarubezhneft, Uzbekneftegaz plan EOR JV

Zarubezhneft, Moscow, and Uzbekneftegaz, Tashkent, have targeted three old oil fields Uzbekistan’s Ferghana Valley for enhanced recovery and plan to form a joint venture to do the work.

Zarubezhneft said it will apply its development-management technologies and use modern equipment to boost production from South Alamyshik, Khartum, and East Khartum fields. It didn’t specify technologies or production goals.

Under a memorandum of understanding signed last June, specialists from both companies studied the targeted fields as well as Boston, Namangan, Tergachi, and Shorbulak fields.