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South-West Gissar

LUKOIL entered the South-West Gissar project in March of 2008. The project PSA was signed in January 2007 for a term of 36 years and took effect in April 2007. Operations within the Contract Area are conducted by LUKOIL Uzbekistan Operating Company (subsidiary of PJSC LUKOIL), the sole operator. The Contract Area in Kashkadarya Region in Uzbekistan covers 7 fields.

The agreement provides for field exploration and development, as well as prospecting activities, including prospecting and assessment at Karaumbet and Shunamai investment blocks of the Central Ustyurt, as well as additional exploration of the contract area in the South-West Gissar.

The produced oil is supplied to Bukhara and Fergana refineries via the Shurtan terminal. The raw stock from the South-West Gissar is processed under a contract with UDP Shurtanneftgaz. Marketable gas is sold in three export directions, including the North (Russia, Gazprom), the South (Kazakhstan, Gazprom) and and East (China, Petrochina).

In late 2011 early gas was produced at the Dzharkuduk — Yangi Kyzylca field, and in 2012 the field reached its design production.

At Southwest Gissar, a 4.8 billion cubic meter gas treatment unit and a booster station were prepared for launch in 2017. Once these facilities are commissioned, we will be able to achieve our set production targets.

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