Negotiations held with Chinese company
Negotiations were held between the Chairman of the Management Board of Uzbekneftegaz JSC and Junqi Shang, General Director of Chinese company Jingbian Xinrong Oil Well Technical Service Co.
The main topic of the talks was discussion of joint initiatives to increase hydrocarbon production at the fields of the Ustyurt group, characterised by hard-to-recover reserves.
The parties considered the possibility of implementing projects on a risk-service basis in co-operation with Uz Gas Projects LLC.
In the course of negotiations the importance of joint work aimed at increasing the efficiency of hydrocarbon production was emphasised.
Special attention was paid to the introduction of advanced technologies and innovative solutions, as well as exchange of experience to optimise production processes.
The talks confirmed the mutual interest of the parties in deepening cooperation, implementing new projects and strengthening partnership relations.
Uzbekneftegaz JSC and Jingbian Xinrong Oil Well Technical Service Co., Ltd expressed readiness to continue active co-operation in the field of development and production of hydrocarbon resources. This co-operation will contribute not only to the development of the oil and gas industry, but also to strengthening the economic potential of both sides.